I5.1151 Property going into settlements
There will be a disposal of assets for capital gains tax (CGT) purposes on the creation of a settlement, unless the asset settled is cash. Other than in those cases where the only asset settled is cash, a chargeable gain or loss will arise (see I3.611). This will be the case even though the settlor retains the right (or someone else has the power) to revoke the settlement, retains an interest in the settled property
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