Commentary

I5.131 Definition of 'settlor' for IHT

IHT, trusts and estates

I5.131 Definition of 'settlor' for IHT

The settlor and trustee for IHT

I5.131 Definition of 'settlor' for IHT

A settlor is essentially any person who makes the settlement (directly or indirectly) and/or provides funds in connection with the settlement1.

The key times when the definition of settlor is important are:

  1.  

    •     the exemption from IHT where settled property subject to an interest in possession reverts to the settlor or his spouse — see I5.252

  2.  

    •     the calculation of IHT charges on settled property which is relevant property (ie property which falls within the regime described at Division I5.3). The calculation of the IHT charges takes into

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