Regulation 5

Where a man or woman, who has become bankrupt, dies or would, but for becoming bankrupt, be qualified on making the proper application under Section 1 of the Income Tax (Repayment of Post-War Credits) Act, 1959, to receive repayment of a Post-War Credit to which that Section applies then, subject to the provisions of these Regulations, the person for the time being having the title to the Credit shall be qualified to receive the repayment.