✓ Passed into LawLords
UK Parliament · Bill
Perpetuities and Accumulations
Summary
This Act sets rules about how long someone can control what happens to their property or money after they've died. It prevents property from being tied up indefinitely (the 'rule against perpetuities') but also relaxes some rules that stopped money from being reinvested for too long (accumulation rules), giving people more flexibility in planning their estates.
A vote to support means
- —Supporting this Act means allowing property and money to be passed down through families more freely and for longer periods. It helps people protect their wealth for future generations and gives them more control over what happens to their assets after they die.
A vote to oppose means
- —Critics worry that this Act allows the very wealthy to lock up land and money for too long, preventing it from being used productively in the economy. They also argue it creates unfair advantages for rich families and may reduce opportunities for others to own property.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading20 Jul 2009
- 2nd reading21 Oct 2009
- Committee stage27 Oct 2009
- Report stage2 Nov 2009
- 3rd reading2 Nov 2009
Lords
- 1st reading1 Apr 2009
- 2nd reading28 Apr 2009
- 2nd reading11 May 2009
- Committee stage20 May 2009
- Report stage13 Jul 2009
- 3rd reading20 Jul 2009
Royal Assent12 Nov 2009
Full Bill Description(click to expand)
No description available