Recognition of Trusts Act 1987
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| Act of Parliament | |
 | |
| Long title | An Act to enable the United Kingdom to ratify the Convention on the law applicable to trusts and on their recognition which was signed on behalf of the United Kingdom on 10th January 1986. |
|---|---|
| Citation | 1987 c. 14 |
| Dates | |
| Royal assent | 9 April 1987 |
Status: Current legislation | |
| Text of the Recognition of Trusts Act 1987 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Recognition of Trusts Act 1987 is a UK Act of Parliament that requires and entitles that courts in the United Kingdom recognise the validity of trusts which are created abroad.
The Act implemented the Hague Trust Convention, agreed upon internationally in 1985. It has recently come under scrutiny for the propensity to perpetuate tax avoidance, and the shift of vast sums of money to offshore tax havens.
Contents
Schedule 1, article 6, states the settlor of a trust has the right to choose any foreign trust law to govern a trust. Art 18 goes on to say that provisions of the schedule are inapplicable if it would be ‘manifestly incompatible with public policy’.
![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (December 2013) |