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Paragraph 126 Purchase price

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The price payable for a dwelling-house on a conveyance or grant in pursuance of this Part is—

(a)

the amount which under section 127 is to be taken as its value at the relevant time, less

(b)

the discount to which the purchaser is entitled under an order under section 17 of the 1996 c. 52.Housing Act 1996 (right to acquire: supplementary provisions).

(2)

References in this Part to the purchase price include references to the consideration for the grant of a lease.