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HMRC internal manual

Inheritance Tax Manual

The settlor: definitions

The general definition in IHTA84/S44 (1) is supplemented by IHTA84/S201 (4) which states that where more than one person is a settlor in relation to a settlement and the circumstances so require, IHTA84/S201 (1)(d) shall have effect as if the settled property were comprised in separate settlements.

Under IHTA84/S201 (5) the trustees of a settlement are regarded as not resident in the United Kingdom unless the general administration of the settlement is ordinarily carried on in the United Kingdom and the trustees or a majority of them (and where there is more than one class of trustees, a majority of each class) are for the time being resident in the United Kingdom.