Perpetuities and Accumulations Act 2009
| Act of Parliament | |
| 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. |
|---|---|
| Citation | 2009 c. 18 |
| Introduced by | Bridget Prentice MP, Parliamentary Under-Secretary of State for Justice (Commons) Lord Bach (Lords) |
| Territorial extent | England and Wales[2] |
| Dates | |
| Royal assent | 12 November 2009 |
Status: Current legislation | |
| History of passage through Parliament | |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
The Perpetuities and Accumulations Act 2009[1] (c. 18) is an act of the Parliament of the United Kingdom that reforms the rule against perpetuities and the law relating to accumulations of income in trusts.
The act resulted from a Law Commission report published in 1998.[3][4] It abolishes the rule against perpetuities in most non-trust contexts, such as easements.[3] 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.[5]
Commencement
Sections 22 to 24 came into force on 12 November 2009[6]
Sections 1 to 21 and the Schedule came into force on 6 April 2010.[7]
See also
Notes
- ^ a b The citation of this act by this short title is authorised by section 24 of this act.
- ^ The Perpetuities and Accumulations Act 2009, section 23
- ^ a b Meadway 2010, p. 240
- ^ "Perpetuities and Accumulations". Law Commission. Archived from the original on 23 December 2024. Retrieved 30 July 2025.
- ^ Meadway 2010, p. 241
- ^ The Perpetuities and Accumulations Act 2009, section 22(1)
- ^ The Perpetuities and Accumulations Act 2009, section 22(2); the Perpetuities and Accumulations Act 2009 (Commencement) Order 2010 (SI 2010/37 (C.6)), article 2
References
- "Perpetuities and Accumulations Act 2009". Current Law Statutes Annotated 2009. Sweet & Maxwell. Thomson Reuters. 2010. Volume 1. Chapter 18. pp 18-1 to 18-10.
- Meadway, Susannah (2010). "Perpetuities and Accumulations Act 2009". Trusts & Trustees. 16 (4): 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. p 373 et seq.