{
  "url": "https://openlegislation.uk/local-authorities-payment-of-levy-on-disposals-regulations-1995/note",
  "json_url": "https://openlegislation.uk/local-authorities-payment-of-levy-on-disposals-regulations-1995/note.json",
  "legislation": "uksi/1995/1981",
  "legislation_title": "The Local Authorities (Payment of Levy on Disposals) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/local-authorities-payment-of-levy-on-disposals-regulations-1995",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nUnder section 136 of the Leasehold Reform, Housing and Urban Development Act 1993 a local authority is required to pay a levy in respect of a disposal of dwelling-houses which is a qualifying disposal for the purposes of that section, and may apply amounts set aside as provision to meet credit liabilities (“PCL”) to meet any liability for such a levy (other than a liability for interest). These Regulations provide that the amounts which may be applied for this purpose shall not exceed a specified percentage of the levy concerned, namely the percentage of the consideration for the qualifying disposal which was set aside as PCL, or, where nothing was set aside, 1 per cent.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/1981/note",
    "retrieved_at": "2026-10-29T13:04:48.001773+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}