Taxation of Chargeable Gains Act 1992

[F1 Meaning of “interest in settled property” U.K.

Textual Amendments

F1 Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by Finance Act 2000 (c. 17), s. 91(2), Sch. 24

2 (1) For the purposes of this Schedule an “interest in settled property” means any interest created by or arising under a settlement. U.K.

(2) This includes any right to, or in connection with, the enjoyment of a benefit—

(a) created by or arising directly under a settlement, or

(b) arising as a result of the exercise of a discretion or power—

(i) by the trustees of a settlement, or

(ii) by any person in relation to settled property.]