[163A Treatment of deferred resale agreements for purposes of section 155]

[163A  Treatment of deferred resale agreements for purposes of section 155]

[(1)     If a secure tenant or his successor in title enters into an agreement within subsection (3), any liability arising under the covenant required by section 155 shall be determined as if a relevant disposal which is not an exempted disposal had occurred at the appropriate time.

(2)     In subsection (1) “the appropriate time” means—

(a)     the time when the agreement is entered into, or

(b)     if it was made before the beginning of the discount repayment period, immediately after the

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