Article 2 Amount of discount

Subject to paragraph (2) in relation to a dwelling in an area specified in Column 1 of the Schedule to this Order, the sum specified in Column 2 of that Schedule is the specified amount of discount for the purposes of section 17(1)(a) of the Housing Act 1996 (the right to acquire).

Where the amount of discount under paragraph (1) is greater than 50% of the value of the dwelling at the relevant time determined in accordance with section 127 of the Housing Act 1985^f1, as it applies by virtue of regulation 2(1) of the Housing (Right to Acquire) Regulations 1997^f2, the amount of discount shall be 50% of the value so determined of the dwelling.