# The Local Authorities (Capital Finance) Regulations 1997, Regulation 76: Disposal of land held for housing purposes

Extent: E+W
Status: prospective

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)).

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/76 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-76
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.