# Taxation of Chargeable Gains Act 1992, Paragraph 2


(1) For the purposes of this Schedule an “interest in settled property” means any interest created by or arising under a settlement.
(2) This includes any right to, or in connection with, the enjoyment of a benefit—
(a) created by or arising directly under a settlement, or
(b) arising as a result of the exercise of a discretion or power—
(i) by the trustees of a settlement, or
(ii) by any person in relation to settled property.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4A/paragraph/2 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4A/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.