140. Exception in the case of instruments taking effect on or after 6 April 2010.

(2)     Exceptions from the Statutory Restrictions

(i)     Instruments Taking Effect on or after 6 April 2010

140.     Exception in the case of instruments taking effect on or after 6 April 2010.

As a general rule, the statutory restrictions on the accumulation of income1 do not have effect in relation to an instrument taking effect on or after 6 April 20102. However, the common law rule against perpetuities continues to apply to provisions for the accumulation of income. Further, the statutory restrictions continue to apply in relation to a will executed before 6 April 20103 or in