96Meaning of “relevant disposal” etc in section 95
(1)This section applies for the purposes of section 95.
(2)A disposal of the freehold estate in land is a relevant disposal of the land if it is a disposal with vacant possession.
(3)A grant or assignment of a qualifying leasehold estate in land is a relevant disposal of the land if it is a grant or assignment with vacant possession.
(4)If a relevant disposal within subsection (2) or (3) is made in pursuance of a binding agreement to make it, the disposal is entered into when the agreement becomes binding.
(5)Subject to subsection (4), a relevant disposal within subsection (2) or (3) is entered into when it takes place.
(6)In this section “qualifying leasehold estate”, in relation to any land, means an estate by virtue of a lease of the land for a term which, when granted, had at least 25 years to run.
(7)The appropriate authority may by order amend this section.