Regulation 74 Land used for the purposes of educationI1
England and Wales Not yet in force
The reserved part shall be 25 per cent. in the case of a capital receipt, other than a nil per cent. receipt, which is received during the period beginning on 1st April 1997 and ending on 31st March 1998 in respect of a disposal of a freehold or leasehold interest in land where—
on 1st April 1993, the land was in use by the authority in whole or in part for the purposes of a school or an institution providing further education (within the meaning given to that expression in section 14 of the Further and Higher Education Act 1992f1) or education for adults;
if, at the time of the disposal, the land has ceased to be used for such purposes, it has not, since ceasing to be so used, been in use under a planning permission granted for any other use for a period of more than five years; and
the land is not land to which section 74(1) (duty to keep Housing Revenue Account) applied immediately before the disposal.
Annotations
Commencement
- I1
Reg. 74 in force at 1.4.1997, see reg. 1(1)(b)
Footnotes
- f1