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Legislation
Income Tax Act 2007

Crossheading Settlors

  • Section 467 Meaning of “settlor” etc
  • Section 468 Meaning of “disposable property”
  • Section 469 Person ceasing to be a settlor
  • Section 470 Transfers between settlements
  • Section 471 Identification of settlor following transfer covered by section 470
  • Section 472 Settlor where property becomes settled because of variation of will etc
  • Section 473 Deceased person as settlor where variation of will etc
  1. Settlors
  2. Person ceasing to be a settlor

Section 469 | Person ceasing to be a settlor

From legislation.gov.uk

(1)A person (“S”) who is a settlor in relation to a settlement ceases to be so when the following condition is met.

(2)The condition is that—

(a)no property of which S is the settlor is comprised in the settlement,

(b)S has not undertaken to provide property (directly or indirectly) for the purposes of the settlement in the future, and

(c)S has not made reciprocal arrangements with another person for that other person to enter into the settlement in the future.

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