The Estate Duty (Interest on Unpaid Duty) Order 1987

• Citation: S.I. 1987/892
• Sections: 3

Section 1

This Order may be cited as the Estate Duty (Interest on Unpaid Duty) Order 1987 and shall come into force on 6th June 1987.

Section 2

The rate of interest payable under the following enactments, namely:

(a) section 18 of the Finance Act 1896 ;

(b) section 61(5) of the Finance (1909—10) Act 1910 ; and

(c) section 17(3) of the Law of Property Act 1925 and section 73(6) of the Land Registration Act 1925 ,shall, as regards interest accruing on or after 6th June 1987 be 6 per cent. per annum.

Section 3

Section 8(9) of the Finance Act 1894 shall, as regards interest accruing on or after 6th June 1987, have effect with the substitution of the word “six” for the word “eight”.