Purchase priceE+W
134 Valuation dateE+W
In Schedule 13 to the 1993 Act (premium and other amounts payable by tenant on grant of new lease), for “the valuation date” (in each place) substitute “ the relevant date ”.
Commencement Information
I1S. 134 wholly in force at 1.1.2003; s. 134 not in force at Royal Assent, see s. 181(1); s. 134 in force at 26.7.2002 for E. by S.I. 2002/1912, art. 2(b)(i) (subject to transitional provisions and savings in Sch. 2); s. 134 in force at 1.1.2003 for W. by S.I. 2002/3012, art. 2(b)(i) (subject to transitional provisions and savings in Sch. 2)
135 Landlord’s share of marriage valueE+W
In paragraph 4(1) of Schedule 13 to the 1993 Act (landlord’s share of marriage value), for the words after “landlord’s share of the marriage value is” substitute “ 50 per cent. of that amount ”.
Commencement Information
I2S. 135 wholly in force at 1.1.2003; s. 135 not in force at Royal Assent, see s. 181(1); s. 135 in force at 26.7.2002 for E. by S.I. 2002/1912, art. 2(b)(i) (subject to transitional provisions and savings in Sch. 2); s. 135 in force at 1.1.2003 for W. by S.I. 2002/3012, art. 2(b)(i) (subject to transitional provisions and savings in Sch. 2)
136 Disregard of marriage value in case of very long leasesE+W
(1)Paragraph 4 of Schedule 13 to the 1993 Act (meaning of marriage value) is amended as follows.
(2)In sub-paragraph (2), insert at the beginning “ Subject to sub-paragraph (2A), ”.
(3)After that sub-paragraph insert—
“(2A)Where at the relevant date the unexpired term of the tenant’s existing lease exceeds eighty years, the marriage value shall be taken to be nil.”
Commencement Information
I3S. 136 wholly in force at 1.1.2003; s. 136 not in force at Royal Assent, see s. 181(1); s. 136 in force at 26.7.2002 for E. by S.I. 2002/1912, art. 2(b)(i) (subject to transitional provisions and savings in Sch. 2); s. 136 in force at 1.1.2003 for W. by S.I. 2002/3012, art. 2(b)(i) (subject to transitional provisions and savings in Sch. 2)