SCHEDULES
SCHEDULE 2 SPECIAL CATEGORIES OF LANDLORDS
Landlord’s interest held F1in trust
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(1)
Where the interest of a Chapter I landlord is F2subject to a trust of land, any sum payable to the landlord by way of the price payable for the interest on its acquisition in pursuance of Chapter I shall be dealt with as if it were proceeds of sale arising under the trust.
(2)
Where the interest of a Chapter II landlord is F2subject to a trust of land—
(a)
any sum payable to the landlord by way of a premium on the grant of a new lease under Chapter II or section 93(4) shall be dealt with as if it were proceeds of sale arising under the trust; F3. . .
F3(b)
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