Moved by
Lord Greenhalgh
161: Schedule 9, page 227, line 19, after “time” insert “—
(a) the value of the qualifying lease at that time is to be determined as if the tenant’s total share at that time was 100%;
(b) ”
Member’s explanatory statement
This amendment provides that where the qualifying lease is a shared ownership lease the value of it at the qualifying time is to be determined as if the tenant's share at that time was 100%.