Perpetuities and Accumulations Act 2009

The Perpetuities and Accumulations Act 2009 (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. 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.

Commencement

Sections 22 to 24 came into force on 12 November 2009

Sections 1 to 21 and the Schedule came into force on 6 April 2010.

See also

• Perpetuities and Accumulations Act 1964

Notes

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.
• 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.