[169F Meaning of “interest in a settlement” in sections 169B to 169D]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[169F  Meaning of “interest in a settlement” in sections 169B to 169D]

[(1)     For the purposes of this section and sections 169B to 169D, an individual is to be regarded as having an interest in a settlement if subsection (2)[, (3) or (3A)] below applies.

(2)     This subsection applies if—

(a)     any property which [is or] may at any time be comprised in the settlement, or

(b)     any derived property,

is, or will or may become, payable to or applicable for the benefit of the individual or his spouse [or civil partner] in any circumstances whatsoever.

(3)     This subsection applies if the individual or his spouse [or civil partner] enjoys a benefit deriving directly or indirectly from—

(a)     any property which is comprised in the settlement, or

(b)     any derived property.

[(3A)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Reversionary lease by reference

 LR1. Date of the lease[date]LR2. Title Number(s)LR2.1 Landlord's title number(s)[title numbers out of which this Lease is granted. Leave blank if not registered]LR2.2 Other title numbers[existing title number(s) against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be

LEXISNEXIS

Novation—why and how to novate a contract

Novation—why and how to novate a contractThere may be times when, rather than assigning the benefit of an agreement to a third party, the original parties wish instead to end their obligations to each other under that agreement and, in effect, recreate it, with the third party stepping into the

LEXISNEXIS

Possession with intent to supply

Possession with intent to supplyPossession with intent to supply a controlled drugIt is an offence for a person to have a controlled drug in his possession, whether lawfully or not, with intent to supply it to another in contravention of section 4(1) of the Misuse of Drugs Act 1971 (MDA

LEXISNEXIS

Common financial covenants

Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan