SCHEDULE 1 Determination of the Fixed Net Sum
Inheritance and Trustees' Powers Act 2014 (2014 c 16) | Legislation

SCHEDULE 1 Determination of the Fixed Net Sum

Section 2

The following is the Schedule inserted after the First Schedule to the Administration of Estates Act 1925—

“SCHEDULE 1A
Determination of the Fixed Net Sum
1

This Schedule has effect for determining the fixed net sum referred to in paragraph (B) of case (2) of the Table in section 46(1)(i).

2

On the coming into force of this Schedule, the amount of the fixed net sum is the amount fixed by order under section 1(1)(a) of the Family Provision Act 1966 immediately before the coming into force of this Schedule.

3

(1)     The Lord Chancellor may from time to time by order made by statutory instrument specify the amount of the fixed net sum.

(2)     An order under sub-paragraph (1) relates only to deaths occurring after the coming into force of the order.

(3)     The first order under sub-paragraph (1) supersedes paragraph 2 of this Schedule.

(4)     A statutory instrument containing an order under sub-paragraph (1) is subject to annulment pursuant to a resolution of either House of Parliament.

(5)     Sub-paragraph (4) does not apply in the case mentioned in paragraph 6(3), or in the case

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