Annual payments, exclusion

Background

Case examples

Charge to tax

Disposals of interests in

Beginning of disposal, meaning

Charge to tax

Consideration

Effective completion of disposal, meaning

Generally

Maintenance funds for historic buildings

Meaning of settlor-interested settlement

Relevant underlying assets

Settlor's residence

Settlor, meaning

Trustee's residence

Dissolution/annulment of marriage/civil partnerships

Excluded income

Gift aid donations, exclusion

Gifts between spouses, exemption

Gifts to charity, exemption

Income arising

Income paid to relevant children

Interest in a settlement

Meaning

Overview

Pension benefits, exclusion

Recovery of tax, settlor's right of