lca72/s2.- Land Charge Act 1972 Section 2 The register of land charges.

2. - (1) If a charge on or obligation affecting land falls into one of the classes described in this section, it may be registered in the register of land charges as a land charge of that class.

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(4) A class C land charge is any of the following, namely -`

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(ii) a limited owner's charge;

and for this purpose -

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(ii) a limited owner's charge is an equitable charge acquired by a tenant for life or statutory owner under the [Inheritance Tax Act 1984 or under ¹ ] any other statute by reason of the discharge by him of any [Inheritance Tax ¹ ] or other liabilities and to which special priority is given by the statute;

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(5) A Class D land charge is any of the following, namely -

(i) an Inland Revenue charge;

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and for this purpose -

(i) an Inland Revenue charge is a charge on land, being a charge acquired by the Board under [the Inheritance Tax Act 1984 ² ;

(8) A charge or obligation created before 1st January 1926 can only be registered as a Class B land charge or a Class C land charge if it is acquired under a conveyance made on or after that date.

1 Originally "Finance Act 1894 or" and "death duties" respectively. Amended to "the Capital Transfer Tax Act 1984" and "Capital Transfer Tax" by 1975 Sch.12, para.18(2) and CTTA Sch. 8, para. 3(1)(A). By 1986 S.100(1) and (2), on and after 25 July 1986 the Capital Transfer Tax Act 1984 may be cited as the Inheritance Tax Act 1984 and any reference in the legislation to capital transfer tax has effect as a reference to inheritance tax in respect of any liability to tax arising on and after that date.

2 Originally "any enactment (including an enactment passed after this Act) for death duties leviable or payable on any death occurring on or after 1st January 1926". Amended to "Capital Transfer Tax Act 1984" by 1975 Sch. 12, para. 18(3) and CTTA Sch. 8, para. 3(1)(B). 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.