Moved by
Lord Ashton of Hyde
7: Schedule 1, page 108, line 33, leave out “90(2)(b)” and insert “90(2)(a)”
8: Schedule 1, page 113, line 31, after “is” insert “, subject to sub-paragraph (3A),”
9: Schedule 1, page 113, line 37, leave out “as if the transaction were” and insert “on the basis that the transaction was”
10: Schedule 1, page 113, line 39, leave out from beginning to end of line 7 on page 114 and insert—
“(3A) The market value must be assessed on these assumptions—
(a) that the right that the transaction relates to does not relate to the provision or use of an electronic communications network;
(b) that paragraphs 15 and 16 (assignment, and upgrading and sharing) do not apply to the right or any apparatus to which it could apply;
(c) that the right in all other respects corresponds to the code right;
(d) that there is more than one site which the buyer could use for the purpose for which the buyer seeks the right.”
11: Schedule 1, page 140, line 22, after “is” insert “, subject to sub-paragraph (7A),”
12: Schedule 1, page 140, leave out lines 30 to 40 and insert—
“(7A) The market value must be assessed on these assumptions—
(a) that the right that the transaction relates to does not relate to the provision or use of an electronic communications network;
(b) that the right in all other respects corresponds to the tidal water right;
(c) that there is more than one site which the buyer could use for the purpose for which the buyer seeks the right.”
13: Schedule 1, page 157, line 12, leave out “and Wales”