SCHEDULES
I1SCHEDULE 6 PURCHASE PRICE PAYABLE BY NOMINEE PURCHASER
Part II FREEHOLD OF SPECIFIED PREMISES
F2Price payable for freehold of part of specified premises
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.
Sch. 6 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5