Part 2The community right to buy
Chapter 2Registration of interests
41Provisions supplementary to and explanatory of section 40
1
For the purposes of section 40(4)(e) above, companies are in the same group if they are, or are included in a number of, companies which, by virtue of section 170 of the Taxation of Chargeable Gains Act 1992 (c. 12), together form a group for the purposes of sections 171 to 181 of that Act.
2
References in subsection (5) of section 40 above to the owner of land include references to the person in whom it has vested for the purposes of any such enactment as is mentioned in subsection (4)(g)(viii) of that section.
F13
Where an owner of land or a creditor in a standard security having a right to sell land makes a transfer of land as mentioned in any of paragraphs (a) to (h) of subsection (4) of section 40, the owner of the land or, as the case may be, the creditor must within 28 days of the transfer—
a
notify Ministers of—
i
the transfer,
ii
the name and address of the person to whom the land was transferred, and
iii
the date of the transfer, and
b
provide Ministers with a description of the land transferred, including maps, plans or other drawings prepared to such specifications as may be prescribed.