Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Annual exempt amount: settlements: disabled persons: power of advancement

TCGA92/SCH1/PARA1 (2)

In considering whether property can be applied for the benefit of a beneficiary the STATUTORY powers of advancement under Section 32 Trustee Act 1925 and Section 33 Trustee Act (Northern Ireland) 1958 should be disregarded. See CG37330.