69 Trustees of settlements
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

69  Trustees of settlements

[(1)     For the purposes of this Act the trustees of a settlement shall, unless the context otherwise requires, together be treated as if they were a single person (distinct from the persons who are trustees of the settlement from time to time).

(2)     The deemed person referred to in subsection (1) shall be treated for the purposes of this Act as resident . . . in the United Kingdom at any time when a condition in subsection (2A) or (2B) is satisfied.

(2A)     Condition 1 is that all the trustees are resident in the United Kingdom.

(2B)     Condition 2 is that—

(a)     at least one trustee is resident in the United Kingdom,

(b)     at least one is not resident in the United Kingdom, and

(c)     a settlor in relation to the settlement was resident. . . or domiciled in the United Kingdom at a time which is a relevant time in relation to him.

(2C)     In subsection (2B)(c) “relevant time” in relation to a settlor—

(a)     means, where the settlement arose on the settlor's death (whether by will, intestacy or otherwise), the time immediately before his death, and

(b)

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