Land Betterment Charge Act 2021 · s 33

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

—(1) The amount of any land betterment charge or penalty tax —(a)due from a bankrupt at the date of the bankruptcy order, or from the bankrupt so dying at the date of his or her death; and(b)having become due within 12 months before the date of the bankruptcy order or his or her death,is, by this subsection, included among the debts which, under section 352 of the Insolvency, Restructuring and Dissolution Act 2018, are to be paid in priority to all other debts in the distribution of property of the bankrupt or individual dying insolvent.(2) The amount of any land betterment charge or penalty tax —(a)due from a company at the date of the winding up order; and(b)having become due within 12 months before the date of commencement of the winding up,is, by this subsection, included among the taxes which, under section 203 of the Insolvency, Restructuring and Dissolution Act 2018, are to be paid in priority to all other unsecured debts in a winding up of the company.
The amount of any land betterment charge or penalty tax —(a)due from a bankrupt at the date of the bankruptcy order, or from the bankrupt so dying at the date of his or her death; and(b)having become due within 12 months before the date of the bankruptcy order or his or her death,is, by this subsection, included among the debts which, under section 352 of the Insolvency, Restructuring and Dissolution Act 2018, are to be paid in priority to all other debts in the distribution of property of the bankrupt or individual dying insolvent.
The amount of any land betterment charge or penalty tax —(a)due from a company at the date of the winding up order; and(b)having become due within 12 months before the date of commencement of the winding up,is, by this subsection, included among the taxes which, under section 203 of the Insolvency, Restructuring and Dissolution Act 2018, are to be paid in priority to all other unsecured debts in a winding up of the company.

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 33Priority of case in insolvency

(1)

The amount of any land betterment charge or penalty tax —

(a)

due from a bankrupt at the date of the bankruptcy order, or from the bankrupt so dying at the date of his or her death; and

(b)

having become due within 12 months before the date of the bankruptcy order or his or her death,is, by this subsection, included among the debts which, under section 352 of the Insolvency, Restructuring and Dissolution Act 2018, are to be paid in priority to all other debts in the distribution of property of the bankrupt or individual dying insolvent.

(2)

The amount of any land betterment charge or penalty tax —

(a)

due from a company at the date of the winding up order; and

(b)

having become due within 12 months before the date of commencement of the winding up,is, by this subsection, included among the taxes which, under section 203 of the Insolvency, Restructuring and Dissolution Act 2018, are to be paid in priority to all other unsecured debts in a winding up of the company.