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Section 166: Restriction on accumulation for the purchase of land.

Law of Property Act 1925 · 1925 c. 20View on legislation.gov.uk

This provision is repealed
It is retained for historical reference and may not reflect the law currently in force.

Part VII: Perpetuities and Accumulations

REPEALED on 2010-04-06 by Perpetuities and Accumulations Act 2009.

Source annotation(s):

  • Ss. 164-166 repealed (6.4.2010) by Perpetuities and Accumulations Act 2009 (c. 18) , ss. 13(a) , 22(2) , Schs. (with s. 15(1) (4) 17 18 ); S.I. 2010/37 , art. 2

The text below is the provision as originally enacted. It is historical and may not include amendments made before this status change. View the enacted source.

No person may settle or dispose of any property in such manner that the income thereof shall be wholly or partially accumulated for the purchase of land only, for any longer period than the duration of the minority or respective minorities of any person or persons who, under the limitations of the instrument directing the accumulation, would for the time being, if of full age, be entitled to the income so directed to be accumulated.

This section does not, nor do the enactments which it replaces, apply to accumulations to be held as capital money for the purposes of the Settled Land Act, 1925, or the enactments replaced by that Act, whether or not the accumulations are primarily liable to be laid out in the purchase of land.

This section applies to settlements and dispositions made after the twenty-seventh day of June eighteen hundred and ninety-two.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.