lca72/s4.- Land Charge Act 1972 Section 4 Effect of land charges and protection of purchasers.

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(5) A land charge of Class B and a land charge of Class C (other than an estate contract) created or arising on or after 1st January 1926 shall be void as against a purchaser of the land charged with it, or of any interest in such land, unless the land charge is registered in the appropriate register before the completion of the purchase.

(6) An estate contract and a land charge of Class D created or entered into on or after 1st January 1926 shall be void as against a purchaser for money or money worth [(or, in the case of an Inland Revenue charge, a purchaser within the meaning of the Inheritance Tax Act 1984) ⁴ of a legal estate in the land charged with it, unless the land charge is registered in the appropriate register before the completion of the purchase.

(7) After the expiration of one year from the first conveyance occurring on or after 1st January 1926 of a land charge of Class B or Class C created before that date the person entitled to the land charge shall not be able to enforce or recover the land charge or any part of it as against a purchaser of the land charged with it, or of any interest in the land, unless the land charge is registered in the appropriate register before the completion of the purchase.

4 Originally, as inserted by 1975 Sch. 12, para. 18(5). "Or in the case of an Inland Revenue charge, a purchaser within the meaning of Part III of the Finance Act 1975)". Amended to "( ... the Capital Transfer Tax Act 1984)" by CTTA Sch. 8, para. 3(2), and by 1986 s.100(1), on and after 25 July 1986 the Capital Transfer Tax Act 1984 may be cited as the Inheritance Tax Act 1984.