HMRC internal manual

Trusts, Settlements and Estates Manual

TSEM4100 - Settlements legislation: definition of settlement

The expression ‘settlement’ includes any disposition, trust, covenant, agreement, arrangement or transfer of assets (ITTOIA/S620(1)). For a fuller definition of ‘settlement’ refer to the glossary.

TSEM4105 has more information about ‘arrangement’ and ‘transfer of assets’.