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HMRC internal manual

Capital Gains Manual

Separate settlements: trustees as body of persons

TCGA92/S69The trustees of a settlement are a single and continuing body of persons distinct from the persons who are the trustees. It is possible for there to be several sets of trustees within one settlement, see TCGA92/S69 (3). By way of contrast the same individuals may be trustees of a number of different family settlements. The identity of the trustees has no bearing on the question whether there is one settlement or two.