11Destruction or limitation of entitlement

11 Destruction or limitation of entitlement

(1)  A right to special compensation is destroyed by –

(a) a gift; or

(b) a sale for a consideration other than a consideration in good faith adequate to or greater than the real value of the property subject thereto –

of the estate or interest to which the right is annexed to a person other than –

(c) the spouse or child of the donor or vendor; or

(d) a person approved by the committee.

(2)  Where the estate or interest to which a right to special compensation is annexed is sold for a consideration in good faith adequate to or greater than the real value of that estate or interest, that right is limited from then on to the amount by which the consideration exceeds the real value.