OpenLegislation

Regulation 76 Disposal of land held for housing purposesI1

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:

The reserved part shall be nil per cent. in the case of a capital receipt which is received in respect of a disposal of an interest in land where—

(a)

the authority is a local authority in Wales;

(b)

the land is held for the purposes of Part II of the Housing Act 1985 (provision of housing accommodation); and

(c)

if there is a building situated on the land, the building does not, in whole or in part, comprise a dwelling (within the extended meaning given to that expression in regulation 22(1)).

Annotations

Commencement

I1

Reg. 76 in force at 1.4.1997, see reg. 1(1)(b)