C
A charge to CGT on UK settled property may arise in the following circumstances: Circumstance ¶¶ The creation of a trust ¶68250+ A disposal of trust assets by the trustees ¶68055+ Certain...
The settlor will be liable to tax on gains arising from the creation of a trust. The CGT position depends on whether the trust is created on death or during the settlor's lifetime.
In addition to the actual sale of trust property, the trustees may be deemed to have made a disposal when: A beneficiary becomes absolutely entitled to settled property ¶68400+ A life interest terminates...