PART VIDEATH, INCAPACITY, INSOLVENCY, TRANSFERS

Representatives: death, incapacity or insolvency57

1

If the Commissioners so require, a representative who controls the assets of a registrable person because of death, incapacity or the application of an insolvency procedure shall, for the purposes of CCL and subject to this regulation, be treated as if he was the registrable person.

2

Any requirement resulting from paragraph (1) for the representative to pay CCL shall only apply to the extent of the assets he controls.

3

Any other requirement resulting from paragraph (1) shall apply in the same way as it would have applied to the registrable person but for the death, incapacity or insolvency procedure.

4

In this regulation—

  • “relevant activities” refers to any activities in relation to which the registrable person in question is or was registrable;

  • “registrable person” may include, as appropriate, the estate of a deceased individual.

5

An insolvency procedure is applied to a person for the purposes of this regulation in the circumstances described by paragraphs 120(7) to 120(9) of the Act (insolvency procedures for the purposes of this regulation).