Section 532 — Housing Act 1985: Construction of references to disposal, &c.

Construction of references to disposal, &c. 532 1 References in this Part to a disposal include a part disposal; but for the purposes of this Part a disposal of an interest in a dwelling is a disposal of a relevent interest in the dwelling only if on the disposal the person to whom it is made acquires a relevant interest in the dwelling.

2 Where an interest in land is disposed of under a contract, the time at which the disposal is made is, for the purposes of this Part—

a if the contract is unconditional, the time at which the contract is made, and b if the contract is conditional (and in particular if it is conditional on the exercise of an option), the time when the condition is satisfied; and not, if different, the time at which the interest is conveyed.

3 Reference in this Part to a disposal of an interest for value are to a disposal for money or money’s worth, whether or not representing full value for the interest disposed of.

4 In relation to a person holding an interest in a dwelling formed by the conversion of another dwelling, references in this Part to a previous diposal of an interest in the dwelling include a previous disposal on which an interest in land which included that part of the original dwelling in which his interest subsists was acquired.