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  5. Circular 06/03: Local Government Act 1972 General Disposal Consent (England) 2003 - disposal of land for less than the best consideration that can reasonably be obtained

Circular 06/03: Local Government Act 1972 General Disposal Consent (England) 2003 - disposal of land for less than the best consideration that can reasonably be obtained

The purposes of this Circular are to convey the Local Government Act 1972: General Disposal Consent 2003, which is attached as an Annex, and to provide guidance to those local authorities in England which have land disposal powers under sections 123 and 127 of the Local Government Act 1972.

The Consent removes the requirement for authorities to seek specific consent from the Deputy Prime Minister and First Secretary of State for any disposal of land where the difference between the unrestricted value of the interest to be disposed of and the consideration accepted is £2,000,000 or less.

It therefore offers authorities greater freedom than previously to exercise discretion in the disposal of their land, and this Circular aims to provide guidance on the exercise of this freedom. However, this guidance is not exhaustive and does not purport to be an authoritative interpretation of the law.

It remains the responsibility of each authority to seek their own legal or other professional advice as appropriate.

View the document here.