Paragraph 3 I1
England, Wales and Scotland
The Secretary of State may by regulations make provision as to the person to whom a depreciation payment or any part of it is to be paid in cases where the interest in the property in question of a person to whom, apart from this paragraph or paragraph 4 below, the whole or part of the payment would fall to be paid was at the relevant time subject to a rentcharge.
In this paragraph “rentcharge” means—
in relation to property situated in England and Wales, any annual or other periodic sum charged on or issuing out of land, except rent reserved by a lease or tenancy and any sum payable by way of interest;
F1in relation to property situated in Scotland, a feuduty or a ground annual.
Annotations
Textual amendments
- F1
Sch. 2 para. 3(2)(b) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5), ss. 71, 77(2), Sch. 12 para. 54(4)(a), 13 Pt. 1 (with ss. 58, 62, 75); S.S.I. 2003/456, art. 2
Commencement
- I1
Sch. 2 para. 3 wholly in force at 30. 11. 1991 see s. 54(2) and S.I. 1991/2508, art. 2
Notes on Schedule 2
Commencement
- I1
Sch. 2 para. 1 wholly in force at 30. 11. 1991 see s. 54(2) and S.I. 1991/2508, art. 2