The onward gifts rules are significantly simplified from 6 April 2025, following Finance Bill 2025 and the end of the remittance basis.
For the rules from 6 April 2025, where there may be a settlor liability, see E1.1121. For the onward gifts rules as they apply to qualifying new resident and non-residents, with transitional provisions, from 6 April 2025, see E1.1122.
Onward gifts rules to 5 April 2025—settlor liable in certain cases
Until 5 April 2025, where the trigger conditions at E1.1123 are met, chargeability is transferred in the circumstances set out below from the subsequent recipient to the settlor of a settlement1. The settlement in question is the one referred to in the definitions of protected foreign-source income at E1.1109 and E1.1114 that are brought into
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Web page updated on 17 Mar 2025 17:04