Commentary on Sections Overview Overview Section 467: Meaning of “settlor” etc
1354.This section defines “settlor”. It is based on section 685B of ICTA.
1355.The definition corresponds to that in section 68A of TCGA.
1356.The section introduces a new term “disposable property”, defined in section 468.
1357.Subsection (6) is concerned with the case where one person makes or enters into a settlement in accordance with reciprocal arrangements with another person.
1358.As subsection (8) makes clear, a wider definition of “settlor” applies to the anti-avoidance provisions in Chapter 5 of Part 5 of ITTOIA.