# Taxation of Chargeable Gains Act 1992, Paragraph 5

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

(1) The condition as to UK residence of the trustees is that the trustees of the settlement were resident ... in the United Kingdom during any part of the year.
(2) For this purpose the trustees shall not be regarded as resident ... in the United Kingdom at any time when they fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
(3) This paragraph has effect subject to paragraph 13(3)(b) where the beginning of the disposal and its effective completion fall in different years of assessment.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4A/paragraph/5 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4A/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.