Commentary

I5.1116 The settlor on a transfer between settlements

IHT, trusts and estates

I5.1116 The settlor on a transfer between settlements

I5.1116 The settlor on a transfer between settlements

With effect from 6 April 2006, there are rules to determine who is a settlor when there is a transfer of property from one settlement (A) to another settlement (B) other than for full consideration or by way of a bargain at arm's length1.

A transfer of property means a disposal of it by the trustees of settlement A and the acquisition by the trustees of settlement B of the property or of property created by the disposal2.

A settlor of the property disposed of is treated from the time of the disposal

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