- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (13/12/2006)
- Gwreiddiol (Fel y'i Deddfwyd)
Charities Act 1993 (repealed)
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Rhagor o Adnoddau
Changes over time for: Section 40
Version Superseded: 01/04/2009
Alternative versions:
- 01/08/1993- Amendment
- 13/12/2006- Amendment
- 13/12/2006
Point in time - 01/04/2009- Amendment
- 14/03/2012- Amendment
Status:
Point in time view as at 13/12/2006. This version of this provision has been superseded.
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40 Release of charity rentcharges.E+W
(1)Section 36(1) above shall not apply to the release by a charity of a rentcharge which it is entitled to receive if the release is given in consideration of the payment of an amount which is not less than ten times the annual amount of the rentcharge.
(2)Where a charity which is entitled to receive a rentcharge releases it in consideration of the payment of an amount not exceeding £500, any costs incurred by the charity in connection with proving its title to the rentcharge shall be recoverable by the charity from the person or persons in whose favour the rentcharge is being released.
(3)Neither section 36(1) nor subsection (2) above applies where a rentcharge which a charity is entitled to receive is redeemed under sections 8 to 10 of the M1Rentcharges Act 1977.
(4)The [F1Minister] may by order amend subsection (2) above by substituting a different sum for the sum for the time being specified there.
Textual Amendments
F1Word in s. 40(4) substituted (13.12.2006) by Transfer of Functions (Third Sector, Communities and Equality) Order 2006 (S.I. 2006/2951), art. 1(2), Sch. para. 4(p)
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