10 Receipts and expenses in respect of property accepted by Commissioners.U.K.
(1)This section applies where property is accepted in satisfaction of tax and [F1the Secretary of State][F1has] made a payment in respect of the property under section 8 above.
(2)Any sums received on the disposal of, or of any part of, the property (including any premium, rent or other consideration arising from the leasing, sub-leasing or lending of the property) and any sums otherwise received in connection with the property shall be paid to [F1the Secretary of State].
(3)Any expenses incurred in connection with the property so far as not disposed of under section 9 above, including in the case of leasehold property any rent payable in respect of it, shall be defrayed by [F1the Secretary of State].
Textual Amendments
F1Words in s. 10(1)-(3) substituted (3. 7. 1992) by S.I. 1992/1311, art. 12(2), Sch. 2 para. 5(2)(a)(4).