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HMRC internal manual

Capital Gains Manual

Absolute entitlement: occasions of absolute entitlement: general

There are many ways in which a beneficiary may become absolutely entitled as against thetrustee. The main examples are

  • the termination of the trust after a term of years, see CG37310
  • the termination of a prior life interest, see CG37320
  • the exercise by the trustee of a discretionary power to release capital, see CG37330
  • an Order of the Court,
  • an agreement by the beneficiaries to terminate the trust, see CG37340
  • the merger of interests, see CG37600+
  • when a beneficiary reaches a particular age, see CG37350
  • the happening of any other contingency, see CG37360.