4(1)Subject to sub-paragraph (2) below, where any person, in the course of a trade or profession carried on by him, other than the profession of a barrister, has been concerned with the making, after 26th March 1974, of a settlement and knows or has reason to believe—
(a)that the settlor was domiciled in the United Kingdom, and
(b)that the trustees of the settlement are not or will not be resident in the United Kingdom ;
he shall, within three months of the making of the settlement or, if it was made before the passing of this Act, within three months of the passing of this Act, make a return to the Board stating the names and addresses of the settlor and of the trustees of the settlement.
(2)A person shall not be required to make a return under this paragraph in relation to—
(a)any settlement made by will, or
(b)any other settlement, if such a return in relation to that settlement has already been made by another person or if an account has been delivered in relation to it under paragraph 2 above.
(3)Paragraph 12(5) of Schedule 5 to this Act applies for the purposes of this paragraph.