Taxation of Chargeable Gains Act 1992 section 87L

Cases where settlor liable following onward gift

Section 87L redirects the capital gains tax liability onto a UK-resident settlor where a capital payment from a non-resident trust is passed on to a close member of the settlor's family.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.