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Part II WALES

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)(2)
1

Capital receipts derived from the disposal of land held for the purposes of Part II of the Housing Act 1985 not being land comprising a dwelling-house.

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2

Capital receipts derived from the disposal of a dwelling-house held for the purposes of Part II of the Housing Act 1985 and normally let or available for letting which–

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(a)

is disposed of by way of a shared ownership lease (within the meaning of section 622 of that Act); or

(b)

requires significant repair or improvement, or both, and is disposed of on condition that the purchaser executes significant repair or improvement or both within a specified period.

3

Capital receipts which are of a description specified, as respects local authorities in England, in regulation 16(2).

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