CG18111 - Annual exempt amount: trust exemption: more than one settlor
Where there is more than one settlor in relation to a settlement, you obtain the amount ofexemption due in respect of each settlement by
- determining the number of qualifying settlements in the group attributable to EACH settlor as in CG18096 and
- dividing the amount of the trust exemption by the number (up to 5) of qualifying settlements in the largest group.
See example 6 in CG18205.