HC Deb 09 February 1993 vol 218 c930

Amendments made: No. 73, in page 201, line 35, leave out sub-paragraphs (2) and (3) and insert—

'(2) The marriage value is the difference between the following amounts, namely—

  1. (a) the aggregate of—
    1. (i) the value of the interest of the tenant under his existing lease,
    2. (ii) the value of the landlord's interest in the tenant's flat prior to the grant of the new lease, and
    3. (iii) the values prior to the grant of that lease of all intermediate leasehold interests (if any); and
  2. (b) the aggregate of—
    1. (i) the value of the interest to be held by the tenant under the new lease,
    2. (ii) the value of the landlord's interest in the tenant's flat once the new lease is granted, and
    3. (iii) the values of all intermediate leasehold interests (if any) once that lease is granted.

(3) For the purposes of sub-paragraph (2)—

  1. (a) the value of any interest of the tenant shall be determined as at the valuation date;
  2. (b) the value of any such interest of the landlord as is mentioned in paragraph (a) or paragraph (b) of that sub-paragraph is the amount determined for the purpose of paragraph 3(1)(a) or paragraph 3(1)(b) (as the case may be); and
  3. (c) the value of any intermediate leasehold interest shall be determined in accordance with paragraph 8, and shall be so determined as at the valuation date.'.

No. 74, in page 203, line 9, after 'the', insert 'minor'.

No. 75, in page 203, line 22, at end insert 'as at the valuation date'.—[Mr. Baldry.]

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