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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Absolute entitlement: part of trust fund: Scottish trusts

On the other hand, where a trust is subject to Scottish law, the principle at CG37540 does not apply. Land is therefore treated in the same way as any other asset. However, the principle at CG37533 means that, unless the power referred to is specifically excluded or the last contingency has occurred, absolute entitlement does not occur prior to the trustees’ intimation to the beneficiary that particular property has been appropriated to him or her.