Perpetuities and Accumulations Act 2009

{{Use dmy dates|date=April 2022}}{{Use British English|date=May 2025}}

{{Short description|Act of the Parliament of the United Kingdom}}

{{Infobox UK legislation

|short_title=Perpetuities and Accumulations Act 2009The citation of this Act by this short title is authorised by [http://www.legislation.gov.uk/ukpga/2009/18/section/24 section 24] of this Act.

|parliament=Parliament of the United Kingdom

|long_title=An Act to amend the law relating to the avoidance of future interests on grounds of remoteness and the law relating to accumulations of income.

|year=2009

|statute_book_chapter=2009 c 18

|introduced_by=

|territorial_extent=England and WalesThe Perpetuities and Accumulations Act 2009, [http://www.legislation.gov.uk/ukpga/2009/18/section/23 section 23]

|royal_assent=12 November 2009

|commencement=

|repeal_date=

|amendments=

|related_legislation=

|repealing_legislation=

|status=current

|original_text=http://www.legislation.gov.uk/ukpga/2009/18/contents/enacted

|legislation_history=http://services.parliament.uk/bills/2008-09/perpetuitiesandaccumulationshl.html

|revised_text=http://www.legislation.gov.uk/ukpga/2009/18/contents

|}}

The Perpetuities and Accumulations Act 2009 (c. 18) is an Act of the Parliament of the United Kingdom that reforms the rule against perpetuities.

The Act resulted from a Law Commission report published in 1998.{{harvnb|Meadway|2010|p=240}} It abolishes the rule against perpetuities in most non-trust contexts, such as easements. In relation to wills, however, the Act only applies to wills drawn up after 6 April 2010. A will drawn up before 6 April but executed later (upon the death of the testator) will continue to be bound by prior rules.{{harvnb|Meadway|2010|p=241}}

Commencement

Sections 22 to 24 came into force on 12 November 2009The Perpetuities and Accumulations Act 2009, [http://www.legislation.gov.uk/ukpga/2009/18/section/22 section 22(1)]

Sections 1 to 21 and the Schedule came into force on 6 April 2010.The Perpetuities and Accumulations Act 2009, section 22(2); the Perpetuities and Accumulations Act 2009 (Commencement) Order 2010 (S.I. 2010/37 (C.6)), [http://www.legislation.gov.uk/uksi/2010/37/article/2/made article 2]

See also

Notes

{{Reflist}}

References

  • "Perpetuities and Accumulations Act 2009". Current Law Statutes Annotated 2009. Sweet & Maxwell. Thomson Reuters. 2010. Volume 1. Chapter 18. pp [https://archive.org/details/isbn_9780414041868_1/page/n1798/mode/1up 18-1] to 18-10.
  • {{cite journal |title=Perpetuities and Accumulations Act 2009 |first=Susannah |last=Meadway |journal=Trusts & Trustees |year=2010 |volume=16 |issue=4 |pages=240–246 |doi=10.1093/tandt/ttq016}}
  • MacKenzie and Phillips. "The Perpetuities and Accumulations Act 2009". Textbook on Land Law. Chapter 19.6. Thirteenth Edition. Oxford University Press. 2010. [https://archive.org/details/textbookonlandla0000mack_p1k9/page/373/mode/1up p 373] et seq.

{{UK legislation}}

{{Authority control}}

Category:United Kingdom Acts of Parliament 2009

Category:English trusts law