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Legislation
Taxation of Chargeable Gains Act 1992

Crossheading General provisions

  • Section 68 Meaning of “settled property".
  • Section 68A Meaning of “settlor”
  • Section 68B Transfer between settlements: identification of settlor
  • Section 68C Variation of will or intestacy, etc: identification of settlor
  • Section 69 Trustees of settlements.
  • Section 69A Sub-fund settlements
  • Section 70 Transfers into settlement.
  • Section 71 Person becoming absolutely entitled to settled property.
  • Section 72 Termination of life interest on death of person entitled.
  • Section 73 Death of life tenant: exclusion of chargeable gain.
  • Section 74 Effect on sections 72 and 73 of relief under section 165 or 260.
  • Section 75 Death of annuitant.
  • Section 76 Disposal of interests in settled property.
  • Section 76A Disposal of interest in settled property: deemed disposal of underlying assets.
  • Section 76B Transfers of value by trustees linked with trustee borrowing.
  • Section 77 Charge on settlor with interest in settlement.
  • Section 78 Right of recovery.
  • Section 79 Provisions supplemental to sections 77 and 78.
  • Section 79A Restriction on set-off of trust losses.
  • Section 79B Attribution to trustees of gains of non-resident companies.
  1. General provisions
  2. Transfers into settlement.

Section 70 | Transfers into settlement.

From legislation.gov.uk

A transfer into settlement, whether revocable or irrevocable, is a disposal of the entire property thereby becoming settled property notwithstanding that the transferor has some interest as a beneficiary under the settlement and notwithstanding that he is a trustee, or the sole trustee, of the settlement.

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