Part 9Special rules about settlements and trustees
Chapter 2General provision about settlements and trustees
Overview
465Overview of Chapter and interpretation
1
This Chapter contains general provision about settlements and trustees.
2
Section 466 explains what is meant by references to settled property.
3
Sections 467 to 473 explain what is meant by references to a settlor in relation to a settlement.
4
Sections 474 to 476 treat the trustees of a settlement as a single and distinct person and set out rules in relation to the residence and ordinary residence of that person.
5
Section 477 relates to sub-fund elections under paragraph 1 of Schedule 4ZA to TCGA 1992.
6
Section 478 is about references to settled property etc in regulations.
7
For the purposes of this Chapter property is derived from other property if—
a
it derives (directly or indirectly and wholly or partly) from that other property or any part of that other property, and
b
in particular, if it derives (directly or indirectly and wholly or partly) from income from that other property or any part of that other property.
8
In this Chapter “arrangements” includes any scheme, agreement or understanding, whether or not legally enforceable.