130 Reduction of discount where previous discount given

130  Reduction of discount where previous discount given

(1)     There shall be deducted from the discount an amount equal to any previous discount qualifying, or the aggregate of previous discounts qualifying, under the provisions of this section.

(2)     A “previous discount” means a discount given before the relevant time—

(a)     on conveyance of the freehold, or a grant or assignment of a long lease, of a dwelling-house by a person within paragraph 7 [or 7A] of Schedule 4 (public sector landlords) or, in such circumstances as may be prescribed by order of the Secretary of State, by a person so prescribed, or

[(aa)     on conveyance of the freehold, or a grant or assignment of a long lease of a dwelling-house by a person against whom the

Powered by Lexis+®

Popular documents