PART 6

PART 6
Amendments to Part V of Act of 2000

SECTION 43

Amendment of section 93(1) of Act of 2000

43. Section 93(1) of the Act of 2000 is amended—

(a) by the insertion of the following definition:

"[cost rental housing] means housing comprising cost rental dwellings within the meaning of Part 3 of the Affordable Housing Act 2021;",

and

(b) by the substitution of the following definition for the definition of [market value]:

"[market value]—

(a) in relation to a house, means the price which the unencumbered fee simple of the house would fetch if sold on the open market, and

(b) in relation to land in respect of which planning permission is granted, means the price which the unencumbered fee simple of the land would have fetched if it had been sold on the open market on the date of the grant of planning permission;".

SECTION 44

Amendment of section 94 of Act of 2000

44. Section 94 of the Act of 2000 is amended—

(a) in subsection (4)—

(i) in paragraph (a)—

(I) in subparagraph (i), by the deletion of "and",

(II) by the substitution of the following subparagraph for subparagraph (ii):

"(ii)