PART 2 TENANTS OF SOCIAL LANDLORDS

CHAPTER 2 RIGHT TO BUY

49 Discounts

(1)

Section 62 (the price) of the 1987 Act is amended as follows.

(2)

In subsection (3)—

(a)

for paragraph (a) substitute—

“(a)

20 per cent of the market value of the house,”,

(b)

in paragraph (b), for the words from “or, where” to “beyond 2” substitute “ of the market value for every year beyond 5 ”,

(c)

for the words from “60 per cent” to the end substitute “ 35 per cent or £15,000, whichever is less ”.

(3)

In subsection (3A)—

(a)

for “the appropriate person” substitute “ any of the persons mentioned in subsection (4)(a)(i) to (iv) ”,

(b)

the words “by any of these persons” are repealed.

(4)

After subsection (3A) insert—

“(3B)

Where a previous discount was received by two or more persons jointly, subsection (3A) has effect as if each of them had received an equal proportion of the discount.”

(5)

In subsection (4)—

(a)

in paragraph (a), for “such occupation” substitute “ occupation of the type mentioned in subsection (3)(b) ”,

(b)

the words from “and, for the purposes” to the end are repealed.

(6)

In subsection (5)—

(a)

in paragraph (b), for “two” substitute “ 5 ”,

(b)

for “higher” substitute “ other ”.

(7)

After subsection (5) insert—

“(5A)

The Scottish Ministers may by order vary the maximum amount of discount for the time being specified in subsection (3).”

(8)

In subsection (6)—

(a)

after “(5)” insert “ or (5A) ”,

(b)

in paragraph (a), after “case” insert “ or different areas ”.