- Draft legislation
This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. This draft has been replaced by a new draft, The Assets of Community Value (England) Regulations 2012 ISBN 978-0-11-152629-3
4.—(1) Subject to sub-paragraph (2), a disposal—
(a)to a particular person in pursuance of a requirement that it should be made to that person under a planning obligation entered into in accordance with section 106 of the Town and Country Planning Act 1990; or
(b)made in pursuance of the exercise of a legally enforceable—
(i)option to buy,
(ii)nomination right,
(iii)right of pre-emption, or
(iv)right of first refusal.
(2) A disposal is not within sub-paragraph (1)(a) if it is of land that was listed when the obligation was entered into; and a disposal is not within sub-paragraph (1)(b) if it is of land that was listed when the option or right was granted.
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