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

F2Price payable for freehold of part of specified premises

Annotations:
Amendments (Textual)
F2

Sch. 6 para. 5A-5C and cross heading inserted (1.10.1996) by 1996 c. 52, s. 107, Sch. 10 para. 18(5); S.I. 1996/2212, art. 2(2) (with saving in Sch.)

F15A

1

Where different persons own the freehold of different parts of the specified premises—

a

a separate price shall be payable by the nominee purchaser for the freehold of each of those parts, and

b

sub-paragraph (2) shall apply to determine the price so payable.

2

Subject to sub-paragraph (3), the price payable by the nominee purchaser for the freehold of part of the specified premises shall be the aggregate of—

a

the value of the freeholder’s interest in the part as determined in accordance with paragraph 3, modified as mentioned in paragraph 5B, and

b

the freeholder’s share of the marriage value as determined in accordance with paragraph 4, modified as mentioned in paragraph 5C, and

c

any amount of compensation payable to the freeholder under paragraph 5.

3

Where the amount arrived at in accordance with sub-paragraph (2) is a negative amount, the price payable by the nominee purchaser for the freehold of the part shall be nil.