Version Superseded: 13/05/2014
Point in time view as at 27/11/2003. This version of this provision has been superseded.
Local Government Act 2003, Section 10 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)The Secretary of State may by regulations apply section 9 to cases where—
(a)a local authority makes a disposal of the kind mentioned in subsection (1) of that section and the consideration for the disposal does not consist wholly of money payable to the authority, or
(b)a local authority receives otherwise than in the form of money anything which, if received in that form, would be a capital receipt under that section.
(2)Regulations under subsection (1) may, in particular—
(a)make provision for a local authority to be treated as receiving a sum of such an amount as may be determined under the regulations;
(b)make provision about when the deemed receipt is to be treated as taking place.
Commencement Information
I1S. 10 in force at 18.11.2003 for E. by S.I. 2003/2938, art. 3(a) (with art. 8, Sch.)
I2S. 10 in force at 27.11.2003 for W. for the purpose of and in relation to financial years beginning on or after 1.4.2004 by S.I. 2003/3034, art. 2, Sch. 1 Pt. I (with Sch. 2 para. 3)
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