Inheritance and Trustees' Powers Act 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
9 Power of advancement
(1) Section 32 of the Trustee Act 1925 (power of advancement) is amended as follows. (2) In subsection (1), in the words before the proviso— (a) after “subject to a trust,” insert “ or transfer or apply any other property forming part of the capital of the trust property, ” and (b) after “payment” insert “ , transfer ”. (3) In subsection (1), in paragraph (a) of the proviso— (a) for the words from the beginning to “amount” substitute “ property (including any money) so paid, transferred or applied for the advancement or benefit of any person must not, altogether, represent more than ”, and (b) omit “one-half of”. (4) In paragraph (b) of that proviso for “the money so paid or applied” substitute “ the money or other property so paid, transferred or applied ”. (5) In paragraph (c) of that proviso— (a) after “payment” (in both places) insert “ , transfer ”, and (b) for “paid” substitute “ or other property paid, transferred ”. (6) After subsection (1), insert— (1A) In exercise of the foregoing power trustees may pay, transfer or apply money or other property on the basis (express or implied) that it shall be treated as a proportionate part of the capital out of which it was paid, transferred or applied, for the purpose of bringing it into account in accordance with proviso (b) to subsection (1) of this section.
9 Power of advancement
(1) Section 32 of the Trustee Act 1925 (power of advancement) is amended as follows. (2) In subsection (1), in the words before the proviso— (a) after “subject to a trust,” insert “ or transfer or apply any other property forming part of the capital of the trust property, ” and (b) after “payment” insert “ , transfer ”. (3) In subsection (1), in paragraph (a) of the proviso— (a) for the words from the beginning to “amount” substitute “ property (including any money) so paid, transferred or applied for the advancement or benefit of any person must not, altogether, represent more than ”, and (b) omit “one-half of”. (4) In paragraph (b) of that proviso for “the money so paid or applied” substitute “ the money or other property so paid, transferred or applied ”. (5) In paragraph (c) of that proviso— (a) after “payment” (in both places) insert “ , transfer ”, and (b) for “paid” substitute “ or other property paid, transferred ”. (6) After subsection (1), insert— (1A) In exercise of the foregoing power trustees may pay, transfer or apply money or other property on the basis (express or implied) that it shall be treated as a proportionate part of the capital out of which it was paid, transferred or applied, for the purpose of bringing it into account in accordance with proviso (b) to subsection (1) of this section.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.