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HMRC internal manual

Trusts, Settlements and Estates Manual

Settlements legislation: ITTOIA/Part 5, Chapter 5 and the settlements legislation

We refer to ITTOIA/Part 5, Chapter 5 as the ‘settlements legislation’. Chapter 5 deals with:

  • settlements in which the settlor has retained an interest (see TSEM4200) and
  • settlements on minor children or step children of the settlor who are neither married nor in a civil partnership (see TSEM4300)
  • capital sums paid to a settlor by trustees of a settlement (see TSEM4400 for further details) or
  • capital sums paid by a body corporate connected with the settlement (see TSEM4400 for further details).