SCHEDULES
SCHEDULE 10Enfranchisement and extension of long leaseholds: calculations
Leasehold Reform, Housing and Urban Development Act 1993
5
1
In Schedule 13 (premium and other amounts payable by tenant on grant of new lease), paragraph 8 is amended as follows.
2
For sub-paragraph (2) substitute—
2
The value of an intermediate leasehold interest which is the interest of the tenant under a minor intermediate lease is to be calculated in accordance with regulations made by the appropriate national authority instead of in accordance with sub-paragraph (1).
3
Omit sub-paragraphs (6) and (7).
4
After sub-paragraph (9) insert—
10
In sub-paragraph (2) “appropriate national authority” means—
a
in relation to a leasehold interest of land in England, the Secretary of State;
b
in relation to a leasehold interest of land in Wales, the Welsh Ministers.
5
The amendments made by this paragraph apply to cases where the relevant date is—
a
before this Act is passed, but
b
on or after 11 July 2015,
as well as to cases where the relevant date is after this Act is passed.
6
The “relevant date” has the meaning given by section 39(8) of the Leasehold Reform, Housing and Urban Development Act 1993.