SCHEDULES

I1SCHEDULE 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 II FREEHOLD OF SPECIFIED PREMISES

Price payable for freehold of specified premises

2

1

Subject to the provisions of this paragraph, the price payable by the nominee purchaser for the freehold of the specified premises shall be the aggregate of—

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.