470 Transfers between settlements
Income Tax Act 2007 (2007 c 3) | Legislation

470  Transfers between settlements

(1)     Section 471 applies in relation to a transfer of property from the trustees of one settlement (“settlement 1”) to the trustees of another settlement (“settlement 2”) if the transfer—

(a)     is not for full consideration,

(b)     is not by way of a bargain

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