Commentary

I5.1127 Settlor interested trusts—the 'interest in property'

IHT, trusts and estates

I5.1127 Settlor interested trusts—the 'interest in property'

I5.1127 Settlor interested trusts—the 'interest in property'

A settlor is regarded as having an interest in property for this purpose if there are any circumstances in which that property, or any related property, is or may become payable to the settlor, his spouse or (from 5 December 2005) his civil partner1.

'Related property' in relation to any property means2:

  1.  

    (a)     income from the original property

  2.  

    (b)     any other property directly or indirectly representing the proceeds of, or income from, the original property, and

  3.  

    (c)     income from property in (b)

HMRC accepts that where the settlor has retained a clearly defined interest in

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial