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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.11 Income tax and CGT for settlors /Settlor interested trusts (income tax) / I5.1127 Settlor interested trusts—the 'interest in property'
Commentary

I5.1127 Settlor interested trusts—the 'interest in property'


IHT, trusts and estates

A settlor is regarded as having an interest in property for this purpose if there are any circumstances in which that property, or any related property, is or may become payable to the settlor, his spouse or (from 5 December 2005) his civil partner1.

'Related property' in relation to any property means2:

  1. Ìý

    (a)ÌýÌýÌýÌý income from the original property

  2. Ìý

    (b)ÌýÌýÌýÌý any other property directly or indirectly representing the proceeds of, or income from, the original property, and

  3. Ìý

    (c)ÌýÌýÌýÌý income from property in (b)

HMRC accepts that where the settlor has retained a clearly defined

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