Trustee Act 1925: Core legislation governing trustees' powers and duties, including administrative provisions and investment powers. Fundamental to trust management and operation.
Trustee Act 2000: Modern legislation establishing statutory duty of care, enhanced investment powers, and delegation provisions for trustees.
Charities Act 2011: Essential legislation for charitable trust mergers, including requirements for merger, registration and regulatory requirements, and Charity Commission approval processes.
Companies Act 2006: Relevant when corporate trustees are involved, covering corporate governance requirements, directors' duties, and registration requirements.
Money Laundering Regulations 2017: Establishes Trust Registration Service requirements and anti-money laundering obligations for trusts.
Fifth Money Laundering Directive (5MLD): EU-derived legislation implementing enhanced trust registration and transparency requirements.
Financial Services and Markets Act 2000: Regulatory framework for financial assets and services, including compliance requirements for trusts holding financial investments.
Perpetuities and Accumulations Act 2009: Governs rules against perpetuities and accumulation periods in trusts, essential for trust structure and duration.
Finance Act: Annual legislation affecting tax treatment of trusts and trust transactions.
Taxation of Chargeable Gains Act 1992: Governs capital gains tax implications for trust assets and transactions.
Income Tax Act 2007: Determines income tax treatment of trust income and distributions.
Inheritance Tax Act 1984: Regulates inheritance tax implications of trust creation, administration, and termination.
