Commentary on Sections Overview Overview Section 470: Transfers between settlements
1362.This section and section 471 provide rules for identifying the settlor(s) of property in a settlement where property is transferred from one settlement to another for less than full consideration. The rules are the same as those that apply in section 68B of TCGA.
1363.This section explains when a relevant transfer occurs. It is based on section 685C of ICTA.