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Article 3 Payment of fees from capital or income

Original text. Later amendments are not shown.

(1)

Subject to paragraph (2), all fees must be paid out of capital.

(2)

The following fees must be paid out of income—

(a)

fees which the public trustee has directed to be paid out of income under section 1(3) of the Public Trustee (Fees) Act 1957;

(b)

the administration fee in cases to which article 18 applies;

(c)

the insurance fee provided for by article 21;

(d)

the income collection fee provided for by article 24;

(e)

the management fee provided for by article 30; and

(f)

the value added tax fee provided for by article 31, in cases where the fee in respect of which the value added tax fee is payable is itself payable out of income.