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HMRC internal manual

Capital Gains Manual

Annual exempt amount: trust exemption: more than one settlor

Where there is more than one settlor in relation to a settlement, you obtain the amount ofexemption due in respect of each settlement by

  1. determining the number of qualifying settlements in the group attributable to EACH settlor as in CG18096 and

  2. dividing the amount of the trust exemption by the number (up to 5) of qualifying settlements in the largest group.

See example 6 in CG18205.