Commentary

I5.1153 Adjustment between settlor and trustees etc

IHT, trusts and estates

I5.1153 Adjustment between settlor and trustees etc

I5.1153 Adjustment between settlor and trustees etc

Where a settlor is assessed:

  1.  

    (a)     to income tax in respect of settlement income deemed to be his income1

  2.  

    to CGT in respect of gains realised by trustees of his settlement — see I5.12252

he is entitled to recover the amount of that tax from the trustees or any other person to whom the income is payable3.

The settlor may require an HMRC officer to supply him with a certificate of the amount of income or gains in respect of which he has paid tax and the amount of that tax; such a certificate is

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