TSEM4010 - Chapter 5 Part 5 ITTOIA & the Settlements legislation

We refer to Chapter 5 Part 5 ITTOIA as the Settlements legislation. Chapter 5 deals with:

• settlements in which the settlor has retained an interest (see TSEM4200) and
• settlements on minor children or step children of the settlor who are neither married nor in a civil partnership (see TSEM4300)
• capital sums paid to a settlor by trustees of a settlement (see TSEM4400 for further details) or
• capital sums paid by a body corporate connected with the settlement (see TSEM4400 for further details).