Regulation 74 Payment in kind: further provision

(1)

This regulation applies where the CIL payable in respect of a chargeable development is payable (in whole or in part) by way of one or more land payments.

(2)

References in regulations 36, 69 and 70 to an amount which is payable (however expressed) include references to a land payment which is payable.

(3)

A land payment is deemed to have been received on the day on which the land which is the subject of the payment is acquired.

(4)

For the purposes of regulation 70—

(a)

an instalment may be paid by way of a land payment or in money, or a combination of the two; and

(b)

more than one instalment may be paid by way of a given land payment.

(5)

For the purposes of regulation 70(6), the unpaid balance must be paid in money.

(6)

Where the collecting authority has determined a deemed commencement date in respect of the chargeable development in accordance with regulation 68, the amount of CIL payable in respect of that chargeable development is due in full and must be paid in money.

(7)

An agreement to make a land payment is void if, and to the extent that, it purports to bind a charging authority to accept a land payment other than in accordance with these Regulations.