# Income Tax Act 2007, Section 469: Person ceasing to be a settlor


(1) A person (“S”) who is a settlor in relation to a settlement ceases to be so when the following condition is met.
(2) The condition is that—
(a) no property of which S is the settlor is comprised in the settlement,
(b) S has not undertaken to provide property (directly or indirectly) for the purposes of the settlement in the future, and
(c) S has not made reciprocal arrangements with another person for that other person to enter into the settlement in the future.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/469 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-469
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.