Housing Act 1985

F2 [F1 Landlord’s reduced share and interim discount E+W

Textual Amendments

F1 Sch. 6A inserted (11.10.1993) by 1993 c. 28, s. 117(2), Sch. 16; S.I. 1993/2134, arts. 2, 4(b) (with saving in Sch. 1 para. 4(1)).

F2 Sch. 6A inserted (11.10.1993) by 1993 c. 28, s. 117(2), Sch. 16; S.I. 1993/2134, arts. 2, 4(b) (with saving in Sch. 1 para. 4(1)).

F3 7 E+W The landlord’s share after the making of an interim payment shall be determined by the formula -

the amount of the interim discount shall be determined by the formula—

and the amount of any previous discount which will be recovered by virtue of the making of an interim payment shall be determined by the formula—

where—

• S = the landlord’s share expressed as a percentage;

• R = the amount which would have been required to redeem the landlord’s share immediately before the interim payment was made;

• IP = the amount of the interim payment;

• PS = the landlord’s share immediately before the interim payment was made also expressed as a percentage;

• ID = the amount of the interim discount;

• V = the value of the dwelling-house (agreed or determined in accordance with paragraph 8);

• RD = the amount of any previous discount which will be recovered by virtue of the making of the interim payment;

• PD = the amount of any previous discount which would be recovered if the tenant were making the final payment.]

Textual Amendments

F3 Sch. 6A inserted (11.10.1993) by 1993 c. 28, s. 117(2), Sch. 16; S.I. 1993/2134, arts. 2, 4(b) (with saving in Sch. 1 para. 4(1)).