Law of Property Act 1925: Foundational legislation governing property transfer, including requirements for creation and transfer of property, formalities for deeds, and requirements for legal and equitable interests
Trustee Act 2000: Key legislation defining trustee powers and duties, investment obligations, and the standard of care required for trustees
Inheritance Tax Act 1984: Governs tax implications of gifts, including potentially exempt transfers and inheritance tax planning considerations
Trusts of Land and Appointment of Trustees Act 1996: Legislation covering powers and duties regarding land held in trust, and the appointment and retirement of trustees
Finance Act 2006: Contains provisions regarding the relevant property trust regime and tax implications for lifetime transfers
Perpetuities and Accumulations Act 2009: Legislation governing the rule against perpetuities and time limits on trust duration
Wills Act 1837: Sets out formalities for valid execution and witnessing requirements relevant to deed preparation
Mental Capacity Act 2005: Legislation concerning donor's capacity to make gifts and best interests considerations
Common Law Principles: Established principles of equity and trusts from case law, including certainty requirements (intention, subject matter, and objects)
HMRC Guidelines: Practice and guidance from HM Revenue & Customs regarding tax treatment of gifts to trusts
Money Laundering Regulations: Regulatory requirements for checking source of funds and verifying identities in significant property transfers
