# Commonhold and Leasehold Reform Act 2002, Paragraph 20

Status: prospective

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

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Source: https://www.legislation.gov.uk/ukpga/2002/15/schedule/8/paragraph/20 (the official version)
Page: https://openlegislation.uk/commonhold-and-leasehold-reform-act-2002/schedule-8/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.