Trusts, Settlements and Estates Manual

TSEM10305 - Non-resident trusts: settlor바카라 사이트™s chargeability: income tax - introduction

The settlements legislation (TSEM4000+) can apply to both resident and non-resident trusts. The effects of the legislation are that if the circumstances apply, income tax is due on the settlor in accordance with:

• ITTOIA05/S624- where the settlor has retained an interest in property in a settlement (TSEM4200)
• ITTOIA05/S629- where income is paid to (relevant) children of the settlor (TSEM4300)
• ITTOIA05/S633 and S641, where 바카라 사이트˜capital sums바카라 사이트™ are, in certain circumstances, paid to or for the benefit of the settlor (TSEM4400).