{
  "url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-7/paragraph-18",
  "json_url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-7/paragraph-18.json",
  "legislation": "ukpga/2024/22",
  "legislation_title": "Leasehold and Freehold Reform Act 2024",
  "legislation_url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024",
  "path": "schedule/7/paragraph/18",
  "kind": "paragraph",
  "number": "18",
  "heading": "Other consequential amendments to the LRHUDA 1993",
  "text": "In section 32 (determination of price)—\n(a) in subsection (2), for “any such interest” substitute “the freehold or any other interest to be acquired by the nominee purchaser in accordance with this Chapter”;\n(b) for subsection (5) substitute—\n“(5) The nominee purchaser is to be treated for all purposes as a purchaser for valuable consideration in money or money’s worth of the freehold or other interest, even if the price payable by the nominee purchaser in accordance with section 32(1), or the share of the purchase price payable to the owner of the interest under Part 6 of Schedule 4 to the Leasehold and Freehold Reform Act 2024, is zero or only a nominal amount.”",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 7 para. 18 not in force at Royal Assent, see s. 124(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/22/schedule/7/paragraph/18",
    "retrieved_at": "2026-11-07T03:34:48.566347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}