Chapter SDLTM22005
| Published date | 19 March 2016 |
| Record Number | SDLTM22005 |
This provision gives relief where land is purchased following the making of acompulsory purchase order, in Northern Ireland a vesting order, for the purpose of facilitating development.
A typical scenario is where a local authority is supporting major development which requires the purchase of properties by the developer. The developer will usually attempt to acquire the properties by negotiation with the land-owners, but sometimes agreement is not reached.
The developer will then agree with the local authority for them to make a compulsorypurchase order.
Once a compulsory purchase order is obtained the developer may continue with negotiations but should these negotiations fail the local authority may purchase the land by way of the compulsory purchase order and...
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