# Capital Gains Tax Act 1979 (repealed 6.3.1992), Section 53: Gifts in settlement.

Extent: E+W+S+N.I.

A transfer into settlement, whether revocable or irrevocable, is a disposal of the entire property thereby becoming settled property notwithstanding that the transferor has some interest as a beneficiary under the settlement and notwithstanding that he is a trustee, or the sole trustee, of the settlement.

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Source: https://www.legislation.gov.uk/ukpga/1979/14/section/53 (the official version)
Page: https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.