Settlements Legislation - Deed of Trust

Hi there, As per TSEM1970 - We have a deed of trust stating an unequal entitlement to income and capital ownership. I own 40% of capital, and entitled to 50% income. I would like to ensure settlements legislation does not apply. I was originally gifted the income and capital rights by my father a few years ago. This was an outright gift, with no strings attached. Now I am deciding to incorporate my property into a company. The only technicality is that the capital and income proportions were not equal. Would this fall under settlement legislation? Or would this be exempt?

Hi DHLD,

Unfortunately, I am unable to locate TSEM1970 which you have mentioned. The guidance on settlement legislation is covered in the
Trust Settlements and Estates Manual at: TSEM4000 - Settlements legislation: .  
If you cannot find the answer to your question you can contact the Trust Office on 0300 123 1072.

Thank you.