Trusts Act 2025
sec.9Meaning of trust property and references to trust property
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sec.9 Meaning of trust property and references to trust property
Trust property includes— property settled on any trust; and property subject to any implied, resulting, bare or constructive trust; and property subject to any trust or direction for sale, however arising; and land vested in a person for an estate for the person’s own life or any other life, or for a term of years determinable on life not being a mere lease at rent, or for any greater estate not being a fee simple absolute; and land in relation to which a person has, under a will, a personal licence to reside for the person’s own life or any other life, or for any lesser period; and the estate of a deceased person. A reference in this Act to trust property includes a reference to a part of the trust property. (sec.9-ssec.1) Trust property includes— property settled on any trust; and property subject to any implied, resulting, bare or constructive trust; and property subject to any trust or direction for sale, however arising; and land vested in a person for an estate for the person’s own life or any other life, or for a term of years determinable on life not being a mere lease at rent, or for any greater estate not being a fee simple absolute; and land in relation to which a person has, under a will, a personal licence to reside for the person’s own life or any other life, or for any lesser period; and the estate of a deceased person. (sec.9-ssec.2) A reference in this Act to trust property includes a reference to a part of the trust property.
- (a) property settled on any trust; and
- (b) property subject to any implied, resulting, bare or constructive trust; and
- (c) property subject to any trust or direction for sale, however arising; and
- (d) land vested in a person for an estate for the person’s own life or any other life, or for a term of years determinable on life not being a mere lease at rent, or for any greater estate not being a fee simple absolute; and
- (e) land in relation to which a person has, under a will, a personal licence to reside for the person’s own life or any other life, or for any lesser period; and
- (f) the estate of a deceased person.