Recognition_of_Trusts_Act_1987
Recognition of Trusts Act 1987
United Kingdom legislation
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.
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