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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.11 Income tax and CGT for settlors /Administration of tax on settlors / I5.1153 Adjustment between settlor and trustees etc
Commentary

I5.1153 Adjustment between settlor and trustees etc


IHT, trusts and estates

Where a settlor is assessed:

  1. Ìý

    (a)ÌýÌýÌýÌý to income tax in respect of settlement income deemed to be his income1, or

  2. Ìý

    (b)ÌýÌýÌýÌý to CGT in respect of gains realised by trustees of his settlement — see I5.12252

he is entitled to recover the amount of that tax from the trustees or any other person to whom the income is payable3.

The settlor may require an HMRC

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Web page updated on 17 Mar 2025 17:19