OpenLegislation

Regulation 56 Transfer of property under the London Government Act 1963I1

England and Wales Not yet in force

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

Where a sum in respect of principal is payable to a local authority by virtue of an order made under section 23(3) or 84 of the London Government Act 1963 (transfer of land held for housing purposes)f1 in relation to any matter which has been transferred under the order from the authority to another body, the sum received by the authority shall be a capital receipt.

Annotations

Commencement

I1

Reg. 56 in force at 1.4.1997, see reg. 1(1)(b)

Footnotes

f1

1963 c. 33. Paragraph (a) and part of paragraph (b) of section 23(3) were repealed with savings by section 102(2) of, and Schedule 17 to, the Local Government Act 1985 (c. 51).