Section 89 Power of limited owners to apply capital for improvements.
England and Wales
Where under powers conferred by the M1Settled Land Act 1925 F1. . . capital money is applied in or about the execution of any improvement specified in Schedule 7 to this Act no provision shall be made for requiring the money or any part of it to be replaced out of income, and accordingly any such improvement shall be deemed to be an improvement authorised by Part I of Schedule 3 to the Settled Land Act 1925.
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Annotations
Textual amendments
- F1
Words in s. 89(1) repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch. 4 (with ss. 24(2), 25(4)); S.I. 1996/2974, art. 2.
- F2
S. 89(2) omitted (19.5.2025) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 1 para. 15(2); S.I. 2024/265, reg. 4, Sch. 2 para. 3
Marginal citations
- M1