20CCommission to be charged by Public Trustee

20C Commission to be charged by Public Trustee

(1) The Public Trustee shall charge, in respect of his duties in connexion with real or personal property vested in him or paid to him or coming under his control in pursuance of these Regulations, a percentage on the value of the property in accordance with the following scale:

5 per cent. on the first £100 or portion thereof;

21/2 per cent. on the next £900 or portion thereof;

11/2 per cent. on the next £4,000 or portion thereof;

1 per cent. on the next £5,000 or portion thereof;

1/2 per cent. on the next £20,000 or portion thereof;

1/4 per cent. on the value in excess of £30,000.

(2) The incidence of the charge as between capital and income shall be determined by the Public Trustee.

(3) Fractional parts less than the moiety of the pound sterling shall be disregarded in the calculation of the amount payable for percentage under subregulation (1) of this regulation.