Schedule 4A Disposal of interest in settled property: deemed disposal of underlying assetsF1

1. Circumstances in which this Schedule applies
2. Meaning of “interest in settled property”
3. Meaning of “for consideration”
4. Deemed disposal of underlying assets
5. Condition as to UK residence of trustees
6. Condition as to UK residence of settlor
7. Condition as to settlor interest in the settlement
8. The relevant underlying assets
9. Character of deemed disposal
10. Avoidance of double-counting
11. Recovery of tax from person disposing of interest
12. Meaning of “settlor”
13. Cases where there is a period between the beginning of the disposal and its effective completion
14. Exception: maintenance funds for historic buildings