The Public Trustee (Fees) (Amendment) Order 1994

• Citation: S.I. 1994/714
• Sections: 3

Section 1

This Order may be cited as the Public Trustee (Fees) (Amendment) Order 1994 and shall come into force on 1st April 1994.

Section 2

In article 17(4) of the Public Trustee (Fees) Order 1985 (“the principal order”), for the words from “in respect of the first £30,000” to the words “0.2 per cent.” there shall be substituted—

Section 3

For paragraph (5) of article 17 of the principal order there shall be substituted the following paragraph—

(5) In this article—

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

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

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

(c) 30th September 1991 in the case of any estate or trust in which the Public Trustee was acting on that date;

(d) 30th September 1993 in the case of any estate or trust in which the Public Trustee was acting on that date;

(e) 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.