TSEM8505 | Trust management expenses: settlor-interested trusts: general

Income arising under a settlement where the settlor or the settlor's spouse or civil partner retains an interest is deemed to be the settlor's (ITTOIA/S624). This applies to both accumulation/discretionary trusts and IIP trusts.

Sections TSEM8510 - TSEM8515 explain the TMEs position in settlor-interested accumulation/discretionary trusts.

Section TSEM8520 explains the TMEs position in settlor-interested IIP trusts.

See also TSEM8615 about partly settlor-interested trusts.