SolvedTSEM4100 | Settlements legislation: definition of settlement
From HM Revenue & Customs · Trusts, Settlements and Estates Manual
The expression ‘settlement’ includes any disposition, trust, covenant, agreement, arrangement or transfer of assets (ITTOIA/S620(1)). For a fuller definition of ‘settlement’ refer to the glossary.
TSEM4105 has more information about ‘arrangement’ and ‘transfer of assets’.