Extent Information
E1Schs. do not extend to the Colonies.
5(1)Where an order made under paragraph 2, 3 or 4 transfers—E+W
(a)land held on lease from a third party, or
(b)any other asset leased or hired from a third party or in which a third party has an interest,
the transfer shall be binding on the third party even if, apart from this sub-paragraph, it would have required his consent or concurrence; and the order may contain such provisions as appear appropriate to safeguard the interests of the third party, including (where appropriate) provision for the payment of compensation of an amount to be determined in accordance with the order.
(2)Stamp duty is not chargeable in respect of any transfer effected by or by virtue of any of paragraphs 1 to 4.
(3)The references in sections 93(1), 94(1) and (3) and 96A(10) of the M1National Health Service Act 1977 (provisions about trust property) to section 92 of that Act include references to paragraphs 3 and 4 of this Schedule; and the reference in section 93(2) of that Act to Part IV of that Act includes a reference to those paragraphs.
Marginal Citations