Section 169E — Taxation of Chargeable Gains Act 1992: Meaning of “settlor” in sections 169B to 169D and 169G

Meaning of “settlor” in sections 169B to 169D and 169G 169E 1 For the purposes of this section and , sections 169B to 169D ... , a person is a settlor in relation to a settlement if—

a he is an individual, and b the settled property consists of, or includes, property originating from him.

2 In subsection (1) above, the reference to property originating from a settlor is a reference to—

a property which that settlor has provided directly or indirectly for the purposes of the settlement, and b property which wholly or partly represents that property or any part of it.

3 In subsection (2) above, the references to property which a settlor has provided directly or indirectly—

a include references to property which has been provided directly or indirectly by another person in pursuance of reciprocal arrangements with that settlor, but b do not include references to property which that settlor has provided directly or indirectly in pursuance of reciprocal arrangements with another person.

4 In subsection (2) above, the reference to property which represents other property includes a reference to property which represents accumulated income from that other property.