(1)In section 4(2) of the M1Landlord and Tenant Act 1987 (disposals which are not relevant disposals for the purposes of Part I of that Act), for paragraph (l) substitute—

“(l)a disposal by a body corporate to a company which has been an associated company of that body for at least two years.”.

(2)The above amendment does not apply to a disposal made in pursuance of an obligation entered into before the commencement of this section.