OpenLegislation

Article 4 Transfers of registered estates otherwise than for monetary consideration, etc.

Original text. Later amendments are not shown.

(1)

Unless the application is a large scale application (where article 6 applies), the fee for an application for the registration of—

(a)

a transfer of a registered estate otherwise than for monetary consideration (unless paragraph (2) applies),

(b)

a surrender of a registered leasehold estate otherwise than for monetary consideration,

(c)

a transfer of a registered estate by operation of law on death or bankruptcy, of an individual proprietor,

(d)

an assent of a registered estate (including a vesting assent),

(e)

an appropriation of a registered estate,

(f)

a vesting order or declaration to which section 27(5) of the Act applies,

(g)

an alteration of the register, or

(h)

a transfer of a matrimonial home (being a registered estate) made pursuant to an order of the Court,

is payable under Scale 2 on the value of the registered estate which is the subject of the application, assessed under article 7, but after deducting from it the amount secured on the registered estate by any charge subject to which the registration takes effect.

(2)

Where a transfer of a registered estate otherwise than for monetary consideration is for the purpose of giving effect to the disposition of a share in a registered estate, the fee for an application for its registration is payable under Scale 2 on the value of that share.