Law of Property Act 1925: Primary legislation governing property transactions and trust arrangements in England and Wales, relevant for establishing the legal framework of the escrow arrangement
Trustee Act 2000: Governs the duties and powers of trustees, applicable as the escrow agent acts in a trustee-like capacity managing held funds
Financial Services and Markets Act 2000: Regulates financial services and markets; relevant if the escrow arrangement involves regulated financial services or institutions
Money Laundering Regulations 2017: Sets out the anti-money laundering requirements that must be followed in financial transactions and arrangements
English Common Law of Contract: Fundamental principles governing contract formation, consideration, and enforcement under English law
Income Tax Act 2007: Governs the taxation of income, including potential tax implications of interest earned on escrow funds
Corporation Tax Act 2010: Relevant for corporate tax considerations when businesses are involved in the escrow arrangement
KYC Requirements: Know Your Client regulations requiring verification of the identity of parties involved in the escrow arrangement
Banking Regulations: Regulatory requirements applicable when financial institutions are involved in holding or managing escrow funds
VAT Legislation: Value Added Tax considerations for any services provided under the escrow arrangement
