TSEM4010 | Settlements legislation: ITTOIA/Part 5, Chapter 5 and the settlements legislation

We refer to ITTOIA/Part 5, Chapter 5 as the ‘settlements legislation’. Chapter 5 deals with:

• settlements in which the settlor has retained an interest (see TSEM4200) and

• settlements on minor children or step children of the settlor who are neither married nor in a civil partnership (see TSEM4300)

• capital sums paid to a settlor by trustees of a settlement (see TSEM4400 for further details) or

• capital sums paid by a body corporate connected with the settlement (see TSEM4400 for further details).