FEU

Subsection (2) is merely a transitional provision dealing with traders who pay long lease rents and feu duties under deduction of tax.

He pays his feu duty to that person.

The builder cannot get his £300 or £400 back in any other way, so he charges it on the feu.

Part of the cost of the land goes into the capital cost of the house, and the rest of it goes into the feu duty.

My house was built about 10 years ago, and my feu duty was £15 a year.

In other words, if the feu superior is not paid he can irritate the feu and take back the property.

It could all be feu duty or all capital payment.

The increase in the feu duty bears a direct relationship to the increase in the cost of land.

What is the difference between that and a feu?

One aspect of the feu system is worth considering in terms not of ownership but of planning.

Long leases, for example for 999 years, were very often granted as an alternative to feuing because of restrictions on the power to feu.

The income of the corporation of that borough in 1914–15 was £311, composed mostly of feu duties and rents of pasture.

Clause 61, which deals with feu-duties and compensation, he described as “a fair and sensible way” of dealing with this matter.

This may result in the value of the feu, and consequently the amount of consideration, being inflated.

Clause 61 deals with the consideration to be paid to acquiring authorities on the redemption of feu-duties.