{
  "url": "https://openlegislation.uk/public-trustee-fees-order-1999/article-17",
  "json_url": "https://openlegislation.uk/public-trustee-fees-order-1999/article-17.json",
  "legislation": "uksi/1999/855",
  "legislation_title": "The Public Trustee (Fees) Order 1999",
  "legislation_url": "https://openlegislation.uk/public-trustee-fees-order-1999",
  "path": "article/17",
  "kind": "article",
  "number": "17",
  "heading": "Amount of administration fee",
  "text": "(1) The administration fee shall be the relevant percentage of that multiple of £100 which is nearest to the net capital value of the estate or the trust fund as certified by the Public Trustee after such value has been estimated in accordance with the provisions of this article.\n(2) The net capital value of an estate or a trust fund shall be\nA+B-C where–\nA is the value on the appropriate valuation date of the estate or the trust property other than interests not in possession and annuities or other terminable payments to which article 18 applies;\nB is the value, on its acceptance valuation date, of any additional property becoming part of the estate or subject to the trust during the relevant period; and\nC is such sum as the Public Trustee considers to be a reasonable deduction in respect of any estate or trust property distributed or disbursed by him during the relevant period.\n(3) In valuing any property for the purposes of this article no deduction shall be made for any debt specifically charged upon it.\n(4) The relevant percentage of the net capital value of the estate or the trust fund shall be as follows:–\nin respect of the first £30,000\n1.38 per cent.\nin respect of any excess over £30,000 up to £150,000\n1.15 per cent.\nin respect of any excess over £150,000 up to £375,000\n0.75 per cent.\nin respect of any excess over £375,000 up to £2,500,000\n0.5 per cent.\nin respect of any excess over £2,500,000\n0.2 per cent.\nbut so that the fee payable shall not be less than £30:\nProvided that–\n(a) where the Public Trustee is acting exclusively as custodian trustee, the fee payable shall be reduced by one half where the trust was accepted before 1st April 1980;\n(b) where he is acting exclusively as trustee of a settlement under the Settled Land Act 1925, it shall be reduced by three quarters in respect of any part of the trust property which at the date on which the fee becomes payable is represented by land;\n(c) where he is acting as trustee under a declaration of trust for one beneficiary only it shall be reduced by five eights; and\n(d) where he is acting in a trust or an estate where an asset is represented by either:–\n(i) the principal private residence of a beneficiary who discharges all outgoings but pays no rent to the estate or trust, or\n(ii) a mortgage secured on the principal private residence of a beneficiary\nit shall be reduced by three quarters in respect of that asset provided that in the event of a beneficiary occupying part only of a building such reduction shall apply only to the value of that part of the building.\n(5) In this article–\n“appropriate valuation date” means whichever of the following dates next precedes the date on which the fee is payable:–\n(a) 30th September 1998 in the case of any estate or trust in which the Public Trustee was acting on that date; and\n(b) in any other case, the acceptance valuation date of the estate or trust; and\n“relevant period” means the period between the appropriate valuation date and the date on which the fee is payable.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1925 c. 18, as amended by the Trusts of Land and Appointment of Trustees Act 1996 (c. 47)."
    }
  ],
  "outstanding_effects": [
    {
      "type": "am",
      "affecting": "uksi/2004/799",
      "affecting_title": "The Public Trustee (Fees) (Amendment) Order 2004"
    },
    {
      "type": "rev in pt",
      "affecting": "uksi/2004/799",
      "affecting_title": "The Public Trustee (Fees) (Amendment) Order 2004"
    },
    {
      "type": "am",
      "affecting": "uksi/2005/351",
      "affecting_title": "The Public Trustee (Fees) (Amendment) Order 2005"
    },
    {
      "type": "am (with transtl provns)",
      "affecting": "uksi/2007/681",
      "affecting_title": "The Public Trustee (Fees) (Amendment) Order 2007"
    },
    {
      "type": "am",
      "affecting": "uksi/2003/690",
      "affecting_title": "Public Trustee (Fees) (Amendment) Order 2003"
    },
    {
      "type": "am (in relation to fees payable on or after 1.4.2003)",
      "affecting": "uksi/2002/2232",
      "affecting_title": "The Public Trustee (Fees) (Amendment) Order 2002"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1999/855/article/17",
    "retrieved_at": "2026-10-29T10:54:46.181965+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}