 Under Section 8 of the Act, trustees can purchase land "as an investment, for occupation by the beneficiaries or for any other reason". Once this land has been purchased they are free to do with it what they could if they were the absolute owner; they can sell it, lease it or mortgage it. This is a default provision, and can be made irrelevant if the trust instrument contains other rules and requirements. This land may only be bought in Britain; if trustees wish to purchase land outside Britain, they must either invest in companies which own land or alter the trust instrument to allow it.
