[68B Transfer between settlements: identification of settlor]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[68B  Transfer between settlements: identification of settlor]

[(1)     This section applies in relation to a transfer of property from the trustees of one settlement (“Settlement 1”) to the trustees of another (“Settlement 2”) otherwise than—

(a)     for full consideration, or

(b)     by way of a bargain made at arm's length.

(2)     In this section “transfer of property” means—

(a)     a disposal of property by the trustees of Settlement 1, and

(b)     the acquisition by the trustees of Settlement 2 of—

(i)     property disposed of by the trustees of Settlement 1, or

(ii)     property created by the disposal;

and a reference to transferred property is a reference to

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