I3.234 Foreign debts

I3.234 Foreign debts

A debt due to a person resident outside the UK which isn't payable in or charged on property in the UK is, so far as possible, taken to reduce the value of property outside the UK (provided the debt has not been taken into account as a liability to finance certain other relievable property (such as BPR or APR) (I3.231))1.

This seems to mean that, subject to the rule that a liability charged on specific property is, so far as possible, to reduce the value of the property on which it is charged, the total value of

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial