Paragraph 12 Residence of trustees: domicile of settlor no longer relevant

Section 69 of TCGA 1992 (trustees of settlements) is amended as follows.

In subsection (2B)(c), omit “or domiciled”.

After subsection (2C) insert—

“(2CA)

In relation to a settlement—

(a)

that arose before 6 April 2025 on the settlor’s death, or

(b)

that the settlor made (or was treated for the purposes of this Act as making) before 6 April 2025,

subsection (2B)(c) has effect as if after “resident” there were inserted “or domiciled”.”

In subsection (2F), for “(2B)(c)” substitute “(2CA)”.