# The Local Authorities (Capital Finance) Regulations 1997, Regulation 56: Transfer of property under the London Government Act 1963

Extent: E+W
Status: prospective

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) 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.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/56 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.