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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Separate settlements: variations: identity of settlor

Where there is a variation of a trust of the kind described in CG37880+ it is necessary to identify the settlor. If the conclusion taken is that there are no new settlements then for CGT purposes the identity of the settlor is unaffected. However if in effect interests in income have passed from one person to another, the former may well be the settlor of an arrangement for Income Tax purposes.