TSEM4415 - Settlements legislation: capital sums paid to settlor: Tax Return

The Trust and Estate Tax Return asks for details of capital transactions between trustees and settlors. This is at Question 15B boxes 15.2 to 15.13 in the version to 2005-06 and Question 15A, boxes 15A.1 to 15A.12 in the version from 2006-07. There is additional guidance in the Trust and Estate Tax Return Guide.

If there are any entries in the relevant boxes in the Trust and Estate Return, submit the case to Trusts Technical unless all the income of the trust is already treated as that of the settlor.