Regulation 2 Payments arising on, or connected with, the death of a person

The following payments are hereby prescribed for the purposes of section 74(1)(c) of the Act (which, together with section 74(3), provides, where the Director so determines, for exclusion from Part V of the Act, except section 56, of debtor-creditor agreements to finance the making of prescribed payments arising on, or connected with, the death of a person), that is to say, payments being:—

(a)

capital transfer tax chargeable in the United Kingdom on the death of any person;

(b)

fees payable to a court—

(i)

in England, Wales or Northern Ireland on an application for a grant of probate or of letters of administration;

(ii)

in Scotland, in connection with a grant of confirmation; and

(iii)

in the United Kingdom, on an application for resealing of a Commonwealth or colonial grant of probate or of letters of administration; and

(c)

payments in England, Wales or Northern Ireland to a surety in connection with a guarantee required as a condition of a grant of letters of administration or payments in Scotland to a cautioner in connection with a bond of caution required as a condition of issuing a grant of confirmation.