CG37321 - Absolute entitlement: termination of life interest

Where, on the termination of a life interest, settled property is due to pass absolutelyto one or more beneficiaries, the occasion of charge on the trustees under TCGA92/S71 (1)is the termination of the life interest. If, however, the termination is due to the deathof the person entitled to the life interest there is no liability except as indicated inCG36450 and CG36510.