# Housing Act 1985, Paragraph 7


The landlord’s share after the making of an interim payment shall be determined by the formula -
S=R-IPRxPSthe amount of the interim discount shall be determined by the formula—
ID=PSxV100-SxV100-IPand the amount of any previous discount which will be recovered by virtue of the making of an interim payment shall be determined by the formula—
RD=IPRxPDwhere—
S = the landlord’s share expressed as a percentage;
R = the amount which would have been required to redeem the landlord’s share immediately before the interim payment was made;
IP = the amount of the interim payment;
PS = the landlord’s share immediately before the interim payment was made also expressed as a percentage;
ID = the amount of the interim discount;
V = the value of the dwelling-house (agreed or determined in accordance with paragraph 8);
RD = the amount of any previous discount which will be recovered by virtue of the making of the interim payment;
PD = the amount of any previous discount which would be recovered if the tenant were making the final payment.

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Source: https://www.legislation.gov.uk/ukpga/1985/68/schedule/6A/paragraph/7 (the official version)
Page: https://openlegislation.uk/housing-act-1985/schedule-6A/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.