TSEM6280 - Legal background to trusts and estates: trustees in bankruptcy
Trustees administer and distribute a bankrupt바카라 사이트™s assets for the benefit of the bankrupt바카라 사이트™s creditors. Their primary duty is to the creditors. They settle the creditors바카라 사이트™ claims, then pass any surplus assets to the bankrupt.
HMRC will not regard the trustee in bankrupcy as a trustee of a settlement for income tax purposes, or for capital gains tax purposes (CG20500).