2(1)Subject to the provisions of this paragraph, [F1where the freehold of the whole of the specified premises is owned by the same person] the price payable by the nominee purchaser for the freehold of [F2those] premises shall be the aggregate of—E+W
(a)the value of the freeholder’s interest in the premises as determined in accordance with paragraph 3,
(b)the freeholder’s share of the marriage value as determined in accordance with paragraph 4, and
(c)any amount of compensation payable to the freeholder under paragraph 5.
(2)Where the amount arrived at in accordance with sub-paragraph (1) is a negative amount, the price payable by the nominee purchaser for the freehold shall be nil.
Textual Amendments
F1Words in Sch. 6 para. 2(1) inserted (1.10.1996) by 1996 c. 52, s. 107, Sch. 10 para. 18(3)(a); S.I. 1996/2212, art. 2(2) (with savings in Sch.)
F2Words in Sch. 6 para. 2(1) substituted (1.10.1996) by 1996 c. 52, s. 107, Sch. 10 para. 18(3)(b); S.I. 1996/2212, art. 2(2) (with savings in Sch.)