Taxes Management Act 1970 section 27

Settled property

Section 27 has been repealed and is no longer in force.

• Section 27 originally dealt with the tax treatment of settled property (property held in trust)
• The section was repealed by the Finance Act 2011, Schedule 23
• The repeal took effect subject to transitional provisions contained in Schedule 23, paragraphs 50 and 65 of the Finance Act 2011
• Any matters arising under section 27 before its repeal may still be subject to the transitional and saving provisions of the repealing legislation