Commonhold and Leasehold Reform Act 2002 (c. 15)

SCHEDULES

Prospective

SCHEDULE 8 E+W Enfranchisement by company: amendments

20 (1) Section 31 (effect on initial notice of designation or application for designation for inheritance tax purposes) is amended as follows. E+W

(2) In subsection (5)—

(a) in paragraph (a), for “nominee purchaser” substitute “ RTE company ”, and

(b) in paragraph (b), for the words from “liable” to the end substitute “ liable to the RTE company for all reasonable costs incurred in the preparation or giving of the notice or in pursuance of it. ”

(3) In subsection (6), for “nominee purchaser” (in both places) substitute “ RTE company ”.