(1) There shall be no liability to make a repayment under section 72(1) where the disposal is made—
(a) by the executor of the deceased owner acting in that capacity; or
(b) as a result of a compulsory purchase order; or
(c) in the circumstances specified in subsection (2).
(2) The circumstances mentioned in subsection(1)(c) are that the disposal—
(a) is to member of the owner’s family who has lived with him for a period of 12 months before the disposal; and
(b) is for no consideration:
Provided that, if the disponee disposes of the house before the expiry of the 3 year period mentioned in section 72(1), the provisions of tht section will apply to him as if this was the first disposal and he was the original purchaser.
Modifications etc. (not altering text)
C1S. 73 modified (13.3.1992) by S.I. 1992/325, regs. 3, 5, 7, Sch. 1