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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.11 Income tax and CGT for settlors /Capital sums treated as income of the settlor / I5.1136 Capital sums paid by trustees

I5.1136 Capital sums paid by trustees

IHT, trusts and estates

Any capital sum paid directly or indirectly in any tax year by the trustees to the settlor (see I5.1135) is treated as the income of the settlor for that year to the extent that it does not exceed the amount of settlement income available up to the end of that year¹. As regards the amount of settlement income available, see I5.1137.

If

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I4.265 Lifetime transfers reported late

B6.749 ATED—property developers

I4.142A Liabilities which are not discharged out of the estate

D7.1140 Methods of leaving the REIT regime

B5.123 BPS—negligible value claims

A1.543 Welsh GAAR

A4.557 Late filing penalties—company tax returns

B5.820 Charity's profits of trade—general liability to income tax

D2.250 Group relief—limited rights, variable rights and options attaching to ordinary shares

B2.315 The concept of wholly and exclusively

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

E4.1318 Special mixed fund rules

E4.1146 The PAYE cumulative basis—overview

B8.210 Restrictions on sideways loss relief

B5.846 Charities and close companies

B5.101 What is 'farming' and 'market gardening'

E3.192 CGT loss relief on disposal of EIS shares

C3.1706 PPR relief where there is job-related accommodation

E6.102K Statutory residence test—the definition of a 'home'