Regulation 4 Fees and outlays as interim or permanent trustee

The outlays payable to the Accountant in Bankruptcy in respect of the exercise by him, or on his behalf, of his functions as interim or permanent trustee in a sequestration shall be those outlays actually, necessarily and reasonably incurred by him, or on his behalf, in respect of the exercise of any of those functions and shall include, but shall not be limited to, outlays so incurred in respect of:—

(a)

the publication of notices in the Edinburgh Gazette;

(b)

the making of searches in any public register;

(c)

the valuation of property;

(d)

legal services and related expenses;

(e)

estate agency services;

(f)

the services of auctioneers and valuers;

(g)

services related to taxation matters; and

(h)

travel and subsistence expenses,

but shall not include the payment by him under section 1B(4) of the 1985 Act^f1 of a fee to a person appointed by him under section 1B(2) of that Act to perform any of his functions as interim or permanent trustee.

Annotations

Footnotes

f1: Section 1B was inserted by section 1 of the Bankruptcy (Scotland) Act 1993.