Paragraph 2

England and Wales

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

Sch. 6 para. 3(1)(c) words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(4)
Sch. 6 para. 4(2) words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(5)(a)
Sch. 6 para. 4(2) words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(5)(b)
Sch. 6 para. 10(2) word substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(6)
Sch. 6 words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(2)
Sch. 6 words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(3)
Sch. 6 omitted by Leasehold and Freehold Reform Act 2024 s. 36(4)

(1)

Subject to the provisions of this paragraph, F1where the freehold of the whole of the specified premises is owned by the same person the price payable by the nominee purchaser for the freehold of F2those premises shall be the aggregate of—

(a)

the value of the freeholder’s interest in the premises as determined in accordance with paragraph 3,

(b)

the freeholder’s share of the marriage value as determined in accordance with paragraph 4, and

(c)

any amount of compensation payable to the freeholder under paragraph 5.

(2)

Where the amount arrived at in accordance with sub-paragraph (1) is a negative amount, the price payable by the nominee purchaser for the freehold shall be nil.

Annotations

Textual amendments

F1: Words in Sch. 6 para. 2(1) inserted (1.10.1996) by 1996 c. 52, s. 107, Sch. 10 para. 18(3)(a); S.I. 1996/2212, art. 2(2) (with savings in Sch.)
F2: Words in Sch. 6 para. 2(1) substituted (1.10.1996) by 1996 c. 52, s. 107, Sch. 10 para. 18(3)(b); S.I. 1996/2212, art. 2(2) (with savings in Sch.)

Notes on Schedule 6

Commencement

I1: Sch. 6 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5