A settlor is a person who has put assets into the trust.

The following are the relevant times in relation to the settlor: 1.

The capital sum would have been paid directly to the settlor within 1 above.

It is possible that the settlor may benefit under a beneficiary's will.

The form asks about possible tax liability of the settlor or beneficiaries.

Enter the number of trusts created by the person who set up the trust - the settlor.

This is because the settlor had done everything in his power to divest himself of the shares.

In general, it will be left to the choice of the settlor to follow the law or to draft alternative rules.

The trustees' gains may instead be charged on the settlor or beneficiaries.

The settlor decides how the assets in the trust and any income received from it should be used.

Direct capital payments to the settlor or his spouse are caught by the section.

First, where the settlor is insolvent but sets up a trust over some or all of his property.

There will have been an indirect capital payment made by the trustees to the settlor in that case.

A settlor shows these gains on the Self Assessment tax return.

In this situation, the person who makes the transfer - the settlor or transferor - pays.

Instead it was regular practice for a settlor to request a trustee to make property over to a third party.

If the settlor can call for the trust funds this may reduce the trustees to nominees.

The respondent was found to be the settlor.

The settlor and his spouse should thus effectively be excluded from all possible benefit under the trust.

Not all trusts whose beneficiary is also its settlor can be called a resulting trust.

In the case of the self-declared trust, the settlor and trustee are the same person.

The settlor has much discretion when creating the trust, subject to some limitations imposed by law.

In some trusts, the settlor can also benefit from the assets they've put in.

However, if the settlor can control the investments etc a point may be reached where the line has been transgressed.

Once the settlor has put the property into the settlement the general rule is that it will cease to be his for all tax purposes.