Paragraph 31 Freehold enfranchisements: the “eligible persons” and “qualifying transactions”I1

England and Wales Not yet in force

(1)

A person is an “eligible person” if the whole or a part of a relevant interest of the person is acquired on a freehold enfranchisement.

(2)

The eligible person’s “qualifying transaction” is the acquisition of the whole or the part of the person’s relevant interest.

(3)

But if—

(a)

an eligible person’s relevant interest is a freehold, and

(b)

that person is granted a lease in accordance with section 36 of the LRHUDA 1993,

that person’s qualifying transaction is the acquisition of the freehold together with the grant of that lease.

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