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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Annual exempt amount: trust exemption: settlor

Prior to 2006-07, for the purposes of the restriction in CG18096, under TCGA92/SCH1/Para2(7)`settlor’ has the meaning attributed to it in ICTA88/S660 (1) and (2), see CG33240 andTSEM4120, but it is extended to include a testator or intestate where there is asettlement arising under a will or intestacy.

For 2006-07 ‘settlor’ has the meaning provided by TCGA92/S68A onwards. See CG33242+.