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Settled Land Act 1925
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Changes over time for: Paragraph 10
Version Superseded: 22/07/2004
Alternative versions:
- 01/02/1991- Amendment
- 01/02/1991
Point in time - 22/07/2004- Amendment
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Point in time view as at 01/02/1991. This version of this provision has been superseded.
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Application of capital money.E+W
10(1)Capital money arising under the Settled Land Acts, 1882 to 1890, shall be deemed always to have been capable of being applied in paying any increment value duty which a tenant for life had power to charge on the settled land under section thirty-nine of the M1Finance (1909-10) Act, 1910, and any reversion duty, and any costs and expenditure incurred by the tenant for life, or the trustees of the settlement, in connexion with any valuation under the said Act, or with the assessment and ascertainment of the amount of any increment value duty which a tenant for life had power to charge as aforesaid, or any reversion duty.
(2)Capital money arising under the M2Settled Land Acts, 1882 to 1890, shall be deemed always to have been capable of being applied in any of the modes mentioned in paragraphs (xiii) to (xvi) inclusive of subsection (1) of section seventy-three of this Act as well as in the modes authorised by section twenty-one of the Settled Land Act, 1882.
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