settlor

Converse of object

• become: There are also provisions to clawback hold over relief where a gift is made to a trust which subsequently becomes settlor interested.
• allow: Electing into GWR and then terminating the trust Para 22 of Sch 15 allows the settlor to make a GWR election.

Converse of subject

• create: The AEA is divided where there are several trusts created by the same settlor.
• make: Does the cumulative total include PETs made by the settlor?

Adjective modifier

• same: The AEA is divided where there are several trusts created by the same settlor.
• many: The initial reaction of many Settlors is to name the trust after their family.

Modifies a noun

• trust: This has been achieved by using a reverter to settlor trust.
• charge: If the settlor charge applies the settlor is charged in respect of the gains arising under these rules.

Noun used with modifier

• trust: Currently, a trust settlor can set up a trust and need not make the beneficiaries aware of its existence.

Possessives

• spouse: If the life tenant is the settlor's spouse, then the PET will be an exempt transfer under IHTA 1984 s 18.
• estate: The executors of the settlor's estate would have several options.
• income: They will therefore be treated as the settlor's income in appropriate cases.
• wife: Neither the settlor's wife nor their issue were represented.
• death: On the settlor's death any outstanding loan will form part of the settlor's estate for IHT purposes.
• office: The settlor's tax office will deal with any tax overpaid.

Preposition: in

• case: The beneficiaries are the only ones entitled to bring legal action against the Trustee, not the Settlor in this case.

Preposition: of

• trust: I am the settlor of a non-resident trust - can I set my personal capital losses against the trust gains attributed to me?