SCHEDULE 4Maintenance Funds for Historic Buildings, Etc
PART ITreasury Directions
Giving of directions
1
1
If the conditions mentioned in paragraph 2(1) below are fulfilled in respect of settled property, the Treasury shall, on a claim made for the purpose, give a direction under this paragraph in respect of the property.
2
The Treasury may give a direction under this paragraph in respect of property proposed to be comprised in a settlement or to be held on particular trusts in any case where, if the property were already so comprised or held, they would be obliged to give the direction.
3
Property comprised in a settlement by virtue of a transfer of value made before the coming into force of section 94 of the [1982 c. 39.] Finance Act 1982 and exempt under section 84 of the [1976 c. 40.] Finance Act 1976 shall be treated as property in respect of which a direction has been given under this paragraph.