Prospective
Other consequential amendments to the LRHUDA 1993E+W
This section has no associated Explanatory Notes
27(1)Schedule 2 (special categories of landlords) is amended as follows.
(2)In paragraph 1 (interpretation), omit sub-paragraph (2).
(3)In paragraph 5 (trustees)—
(a)in sub-paragraph (1), for the words from “sum” to “Chapter I” substitute “share payable to the landlord, as determined under Part 6 of Schedule 4 to the Leasehold and Freehold Reform Act 2024, of the purchase price in respect of the acquisition of the interest,”;
(b)in sub-paragraph (2)(a), for “premium” substitute “share of the price payable”.
(4)In paragraph 7 (universities and colleges)—
(a)in sub-paragraph (1), for the words from “sum” to “Chapter I” substitute “share payable to the landlord, as determined under Part 6 of Schedule 4 to the Leasehold and Freehold Reform Act 2024, of the purchase price in respect of the acquisition of the interest”;
(b)in sub-paragraph (2)(a), for “premium” substitute “share of the price payable”.
(5)In paragraph 8 (ecclesiastical landlords)—
(a)in sub-paragraph (2)(a), omit “or premium”;
(b)in sub-paragraph (3)(a)—
(i)in the words before paragraph (i), after “by way of” insert “a share of”;
(ii)in paragraph (i), for “for any interest in the property on its acquisition” substitute “in respect of the acquisition of any interest in the property”;
(iii)in paragraph (ii), for “a premium” substitute “the price payable”;
(c)in sub-paragraph (4)(b)—
(i)in the words before paragraph (i), after “by way of” insert “a share of”;
(ii)in paragraph (i), for “for any interest in property on its acquisition” substitute “in respect of the acquisition of any interest in property”;
(iii)in paragraph (ii), for “a premium” substitute “the price payable”.