# Finance Act 2025, Paragraph 12: Residence of trustees: domicile of settlor no longer relevant

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

(1) Section 69 of TCGA 1992 (trustees of settlements) is amended as follows.
(2) In subsection (2B)(c), omit “or domiciled”.
(3) 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”.”
(4) In subsection (2F), for “(2B)(c)” substitute “(2CA)”.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/9/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-9/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.