On 30 January 2021 the Trusts Act 2019 came into effect – increased trustee obligations
and disclosure requirements are now in force.
All trustees must now have regard to the mandatory and default duties set out in the Act. Trustees are also ...
Read more
The (long-awaited) review and reform of the Trustee Act 1956 has finally been completed. On 30 July 2019, the new “Trusts Act 2019” received royal assent. The new Act comes into effect on 31 January 2021 and replaces the old 1956 ...
Read more
Anybody who has a trust or is a trustee should now be aware that the reform of trust law, which will see the Trustees Act 1956 replaced with a new Trusts Act, is winding its way through our parliamentary process. The new Trusts Act is likely to come ...
Read more
The “Bright-Line Test”, or period in which profit made from the sale of residential land is taxable as income, has been extended from two to five years. The five year period applies to properties purchased from 29 March 2018 onwards.
The ...
Read more
