Law of Property Act 1925: Primary legislation governing property ownership and transfers in England and Wales. Defines legal estates and interests in land, and is crucial for handling property-related proceeds.
Law of Contract (Rights of Third Parties) Act 1999: Key legislation governing contract formation, consideration requirements, and third-party rights in contractual agreements under English law.
Trustee Act 2000: Governs the duties and powers of trustees, particularly relevant if proceeds are to be held in trust before distribution, including investment powers and responsibilities.
Partnership Act 1890: Regulates partnership arrangements, including rights and duties of partners and the distribution of assets between business partners.
Taxation of Chargeable Gains Act 1992: Covers Capital Gains Tax implications for sale proceeds, along with other relevant tax considerations including Inheritance Tax and Stamp Duty Land Tax.
Civil Procedure Rules: Provides the framework for enforcement mechanisms and dispute resolution procedures in civil matters.
Limitation Act 1980: Sets out time limits for claims and enforcement periods in legal proceedings.
Consumer Rights Act 2015: Relevant when any party to the agreement is acting as a consumer rather than in a business capacity.
