Version Superseded: 17/07/2013
Point in time view as at 21/08/1998.
Taxation of Chargeable Gains Act 1992, Paragraph 5 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F15(1)This paragraph applies if—U.K.
(a)the trustees of a settlement become at any time (the relevant time) on or after the commencement day neither resident nor ordinarily resident in the United Kingdom, or
(b)the trustees of a settlement, while continuing to be resident and ordinarily resident in the United Kingdom, become at any time (the relevant time) on or after the commencement day trustees who fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
(2)Any person who was a trustee of the settlement immediately before the relevant time shall, before the expiry of the period of twelve months beginning with the relevant day, deliver to the Board a return specifying—
(a)the day on which the settlement was created,
(b)the name and address of each person who is a settlor in relation to the settlement immediately before the delivery of the return, and
(c)the names and addresses of the persons who are the trustees immediately before the delivery of the return.
(3)For the purposes of sub-paragraph (2) above the relevant day is the day when the relevant time falls.]
Textual Amendments
F1Sch. 5A inserted (3.5.1994) by Finance Act 1994 (c. 9), s. 97(3)
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