In the Income Tax Acts1, except where the context otherwise requires2, 'settlor', in relation to a settlement, means the person, or any of the persons, who has made the settlement; and a person is a settlor of property if the property is settled because of the person's having made the settlement, or because of an event which leads to the person being treated3 as having made the settlement, or the property derives from such property4. A person ('S') is treated for the purposes of the Income Tax Acts as having made a settlement if he has made or entered
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