SCHEDULES

I1 SCHEDULE 6 PURCHASE PRICE PAYABLE BY NOMINEE PURCHASER

Annotations:
Commencement Information
I1

Sch. 6 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5

Part III INTERMEDIATE LEASEHOLD INTERESTS

Price payable for intermediate leasehold interests

6

1

Where the nominee purchaser is to acquire one or more intermediate leasehold interests—

a

a separate price shall be payable for each of those interests, and

b

(subject to the provisions of this paragraph) that price shall be the aggregate of—

i

the value of the interest as determined in accordance with paragraph 7, and

ii

any amount of compensation payable to the owner of that interest in accordance with paragraph 8.

2

Where in the case of any intermediate leasehold interest the amount arrived at in accordance with sub-paragraph (1)(b) is a negative amount, the price payable by the nominee purchaser for the interest shall be nil.