Paragraph 1
England and Wales
In this Part of this Schedule—
“the consideration payable” means the consideration payable to F1the purchaser for the disposal by him of the property referred to in F2section 12B(7);
“ the purchaser” has the same meaning as in section 12, and accordingly includes any person to whom that section applies by virtue of F3section 16(4) or (5); and
“the nominated person” means the person or persons nominated as mentioned in F4section 12B(2).
Annotations
Textual amendments
- F1
Words in Sch. 1 para. 1 substituted (1.10.1996) by 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(a); S.I. 1996/2212, art. 2(2) (with Sch.)
- F2
Words in definition of “consideration payable” in Sch. 1 para. 1 substituted (1.10.1996) by 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(b)(i); S.I. 1996/2212, art. 2(2) (with Sch.)
- F3
Words in definition of “the purchaser” in Sch. 1 para. 1 substituted (1.10.1996) by virtue of 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(b)(ii); S.I. 1996/2212, art. 2(2) (with Sch.)
- F4
Words in definition of “the nominated person” in Sch. 1 para. 1 substituted (1.10.1996) by 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(c); S.I. 1996/2212, art. 2(2) (with Sch.)