TSEM6242 | Legal background to trusts & estates: anti-avoidance provisions: settlements

ITTOIA, Part 5, chapter 5

It might be possible to get tax advantages by making a trust. The Taxes Acts include provisions to stop this. Details are at TSEM4000 onwards.

The anti-avoidance provisions apply to all settlements, other than those set up by a will. The word settlement has a very wide meaning. For tax purposes it includes

• dispositions

• trusts

• deeds of covenant

• agreements

• arrangements

• transfers of assets.