Disposal of interest in resident settlement: trustees becoming NR
FA81/S88 (2) - (7)
Where a person
- disposed of an interest in a settlement,
- on or after 10 March 1981,
- the gain was exempt under CG38010 above, and
- the trustees became non-resident subsequently, but before 19 March 1991,
a chargeable gain arose to the trustees immediately before that date equal to the exempt gain, unless all the assets were disposed of in the year of emigration.