43(1)In relation to a lease granted after 24 August 1971 and before 1 April 2009, section 243 applies with the following modifications.U.K.
(2)In subsection (1) for Rule 1 substitute— “Rule 1: A lease is not to be treated as having been granted for a term longer than one ending on a date before the end of the term for which the lease was granted if—
(a)the terms of the lease or any other circumstances make it unlikely that the lease will continue beyond that date, and
(b)the premium was not substantially greater than it would have been had the term been one ending on that date.”
(3)Omit subsection (3).