Timely modernisation
Wilson, R.
Timely modernisation - 2001 - Taxation 147(3813) 28 June 2001, 322-325(4) .
Discusses the provisions of the Trustee Act 2001, which came into force on 1 February 2001 and substantially alters the law surrounding the investment of trust assets, the acquisition and management of land, delegation, remuneration of trustees, insurance of trust assets, and the trustees' duties of care. Under s8 of the Act trustees are now empowered to acquire freehold or leasehold land in the UK and have the powers of an absolute owner in relation to that land or any other they hold. Trustees are not, however, able to purchase equitable interests or other interests such as rentcharges in land.
ACQUISITION OF LAND
ACQUISITION OF PROPERTY
DELEGATION
DUTY OF CARE
EQUITABLE INTERESTS
INSURANCE OF TRUST ASSETS
LAND MANAGEMENT
REMUNERATION
RENTCHARGES
TRUST ASSETS
TRUSTS
TRUSTEE ACT 2000
TRUSTEES
TRUSTEESHIP
Timely modernisation - 2001 - Taxation 147(3813) 28 June 2001, 322-325(4) .
Discusses the provisions of the Trustee Act 2001, which came into force on 1 February 2001 and substantially alters the law surrounding the investment of trust assets, the acquisition and management of land, delegation, remuneration of trustees, insurance of trust assets, and the trustees' duties of care. Under s8 of the Act trustees are now empowered to acquire freehold or leasehold land in the UK and have the powers of an absolute owner in relation to that land or any other they hold. Trustees are not, however, able to purchase equitable interests or other interests such as rentcharges in land.
ACQUISITION OF LAND
ACQUISITION OF PROPERTY
DELEGATION
DUTY OF CARE
EQUITABLE INTERESTS
INSURANCE OF TRUST ASSETS
LAND MANAGEMENT
REMUNERATION
RENTCHARGES
TRUST ASSETS
TRUSTS
TRUSTEE ACT 2000
TRUSTEES
TRUSTEESHIP