# Localism Act 2011, Section 86L: Meaning of “relevant disposal” etc


(1) This section applies for the purposes of this Chapter.
(2) A disposal of the freehold estate in land is a relevant disposal of the land if it is a disposal with vacant possession.
(3) A grant or assignment of a qualifying leasehold estate in land is a relevant disposal of the land if it is a grant or assignment with vacant possession.
(4) If a relevant disposal within subsection (2) or (3) is made in pursuance of a binding agreement to make it, the disposal is entered into when the agreement becomes binding.
(5) Subject to subsection (4), a relevant disposal within subsection (2) or (3) is entered into when it takes place.
(6) In this section “qualifying leasehold estate” , in relation to any land, means an estate by virtue of a lease of the land for a term which, when granted, had at least 25 years to run.
(7) The Secretary of State may by regulations amend this section.

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Source: https://www.legislation.gov.uk/ukpga/2011/20/section/86L (the official version)
Page: https://openlegislation.uk/localism-act-2011/section-86L
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.