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Regulation 59 Payment made to redeem landlord’s shareI1

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:

A sum received by a local authority in respect of an interim or final payment made in accordance with Schedule 6A to the Housing Act 1985 (redemption of landlord’s share)f1, if it is not a capital receipt by virtue of section 58(1)(a) (capital receipts), shall be a capital receipt.

Annotations

Commencement

I1

Reg. 59 in force at 1.4.1997, see reg. 1(1)(b)

Footnotes

f1

1985 c. 68. Schedule 6A was inserted by Schedule 16 to the Leasehold Reform, Housing and Urban Development Act 1993 (c. 28).