I5.131 Definition of 'settlor' for IHT
A settlor is essentially any person who makes the settlement (directly or indirectly) and/or provides funds in connection with the settlement1.
The key times when the definition of settlor is important are:
- Ìý
•ÌýÌýÌýÌý the exemption from IHT where settled property subject to an interest in possession reverts to the settlor or his spouse — see I5.252
- Ìý
•ÌýÌýÌýÌý the calculation of IHT charges on settled property which is relevant property (ie property which falls within the regime described at Division I5.3). The calculation of the IHT charges takes into account the settlor's chargeable transfers in the seven
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 15:37