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Capital Money in United Kingdom

Definition of Capital Money

In accordance with the work A Dictionary of Law, this is a description of Capital Money : Money arising from certain transactions relating to *settled land or land held on a *trust of land. It may arise from sale, the granting of certain leases and similar transactions, borrowing on the security of a mortgage, and other circumstances in which the money should be treated as capital of the settlement, e.g. the proceeds of a fire insurance claim relating to the land. Generally capital money must be received by the trustees of the settlement, not the beneficiary. When the money is raised or paid for a specific purpose (e.g. for improvements authorized by the Settled Land Act 1925) it must be applied for that purpose. Otherwise, it is invested and held by the trustees on the same trusts as the land itself was held.

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(2015, 05). Capital Money lawi.org.uk Retrieved 06, 2021, from https://lawi.org.uk/capital-money/

05 2015. 06 2021 <https://lawi.org.uk/capital-money/>

"Capital Money" lawi.org.uk. lawi.org.uk, 05 2015. Web. 06 2021. <https://lawi.org.uk/capital-money/>

"Capital Money" lawi.org.uk. 05, 2015. Accesed 06 2021. https://lawi.org.uk/capital-money/

Agostino Von Hassell, 'Capital Money' (lawi.org.uk 2015) <https://lawi.org.uk/capital-money/> accesed 2021 June 12

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Schema Summary

  • Article Name: Capital Money
  • Author: Agostino Von Hassell
  • Description: Definition of Capital Money In accordance with the work A Dictionary of Law, this is a description of Capital Money : Money [...]

This entry was last updated: May 12, 2015

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