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Statutory Instrument

The Distress for Rates (Amendment) Order 1989

Citation
S.I. 1989/621
As at
Sections
3
Section 1Citation, commencement and interpretation

(1) This Order may be cited as the Distress for Rates (Amendment) Order 1989 and shall come into force on 1st May 1989.

(2) In this Order “the principal Order ” means the Distress for Rates Order 1979 .

Section 2Amendments to the principal Order

(1) In item 1 of article 3 of, and in article 4A(1) of, the principal Order–

(a) for “£33” (in all places where references to that amount occur in those provisions) there is substituted “£100”;

(b) for “£2.50” in those provisions there is substituted “£12.50”; and

(c) for the words “7½ per cent. on the first £100, 2½ per cent. on the next £400, 1½ per cent. on the next £1,000, 1 per cent. on the next £2,500, ½ per cent. on the next £6,000” in those provisions there are substituted the words “12½ per cent. on the first £100 of the sum due, 4 per cent. on the next £400, 2½ per cent. on the next £1,500, 1 per cent. on the next £8,000”.

(2) In item 3 of article 3 of the principal Order, for “£2.50” there is substituted “£4.50”, and for “25p” there is substituted “45p”.

(3) In item 4 of that article, for the words from “5 per cent.” to “for each broker” there are substituted the words “Reasonable fees, charges and expenses of the broker appraising”.

(4) In item 5A of that article–

(a) after the words “commission on, sale” there are inserted the words “by auction”;

(b) for the words from “15 per cent.” to “any additional sum” there are substituted the words “The auctioneer’s commission fee and out-of-pocket expenses (but not exceeding in aggregate 15 per cent. of the sum realised), together with reasonable costs and fees incurred in respect of advertising”; and

(c) for the words from “Out of pocket” to “the sum realised” there are substituted the words “The auctioneer’s commission fee (but not exceeding 7½ per cent. of the sum realised), together with the out-of-pocket expenses of the auctioneer and reasonable costs and fees incurred in respect of advertising”.

(5) In item 5B of that article, after the words “proposed sale” there are inserted the words “by auction”.

Section 3Transitional provision

The amendments made by this Order do not have effect in relation to cases where the distress concerned is made (or, as regards the amendments to article 4A(1) of the principal Order, attempted) before 1st May 1989.

3 sections

Cite this legislation

The Distress for Rates (Amendment) Order 1989 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-1989-621

Contains public sector information licensed under the Open Government Licence v3.0.

OGL-3

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