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 ...
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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 ...
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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 ...
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