[F1Deemed ownership: long leasesS
Textual Amendments
15(1)This paragraph applies where a person (“the tenant”) is the tenant under a lease of a dwelling for a term of more than 20 yearsS
(2)For the purposes of this schedule—
(a)the tenant is to be treated as the owner of the dwelling, and
(b)the landlord under the lease is to be treated as not being the owner.
(3)References in this schedule to “ownership” and “acquisition of ownership” are to be read accordingly.]