The Public Trustee (Fees) (Amendment) Order 1987

• Citation: S.I. 1987/403
• Sections: 5

Section 1

This Order may be cited as the Public Trustee (Fees) (Amendment) Order 1987 and shall come into operation on 1st April 1987.

Section 2

In paragraph 17(1) of the Public Trustee (Fees) Order 1985 (“the principal Order”) , at the end the word “article” shall be substituted for the word “paragraph”.

Section 3

In paragraph 17(4) of the principal Order the words from “in respect of the first £5,000” to “¼ per cent” shall be omitted and the following substituted:—

Section 4

Paragraph 17(5) of the principal Order shall be omitted and the following substituted:—

(5) In this article—

“appropriate valuation date” means whichever of the following dates most recently precedes the date on which the fee is payable:—

1 July 1984 in the case of any estate or trust in which the Public Trustee was acting on that date;

1 July 1987 in the case of any estate or trust in which the Public Trustee was acting on that date;

in any other case, the acceptance valuation date of the estate or trust; and

“relevant period” means the period between the appropriate valuation date and the date on which the fee is payable.

Section 5

Article 23 of the principal Order shall be omitted.