Commentary on Sections Overview Overview Section 466: Meaning of “settled property” etc
1351.This section defines “settled property”. It is based on section 685A of ICTA.
1352.The definition corresponds to that in section 68 of TCGA. It also mirrors the effect of section 60 of TCGA in relation to bare trustees and nominees.
1353.In subsection (3), the expression “under a disability” in section 685A(1) of ICTA has been rewritten as “lacking legal capacity”. This does not change the substance.