✓ Passed into LawLords
UK Parliament · Bill
Trusts (Capital and Income) Act 2013
Summary
This Act clarifies the legal rules about how trustees must divide trust money between 'capital' (the original amount) and 'income' (earnings from that money). It sets out clearer guidelines about what money can be spent now and what must be kept for the future, protecting people who depend on trusts.
A vote to support means
- —Supporting this Act means believing that clearer rules about how trusts handle money are fair and helpful. It protects people who benefit from trusts by making sure trustees (people managing the money) follow proper rules about spending capital versus income.
A vote to oppose means
- —Some people worry the Act makes it harder for trustees to manage trusts flexibly when circumstances change. Others might be concerned that stricter rules could increase costs for families managing trusts, or reduce trustees' ability to adapt to unexpected situations.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading23 Oct 2012
- 2nd reading6 Nov 2012
- Committee stage13 Nov 2012
- Report stage7 Jan 2013
- 3rd reading7 Jan 2013
Lords
- 1st reading29 Feb 2012
- 2nd reading30 Apr 2012
- 1st reading10 May 2012
- 2nd reading10 May 2012
- Report stage15 Oct 2012
- 3rd reading23 Oct 2012
Royal Assent31 Jan 2013
Full Bill Description(click to expand)
No description available