Across the UK legislation plays a variable role in facilitating the acquisition of land and other assets by communities, including legal rights to register assets as being of community value, rights for communities to pre-emptively bid for and buy such assets, and rights to force transfer of an asset, sometimes from an unwilling owner. The law has developed in different contexts, though there is a trend of conferring additional rights on community organisations linked to community empowerment and sustainable development, as well as to austerity cuts to public services. Whilst the case for expanding legal rights to community asset acquisition is actively argued, in practice most transfers occur through negotiation outside recent legislative frameworks. Research into factors supporting community asset acquisition, and challenges, reaches similar conclusions largely regardless of legal regimes. This speaks to broader questions about the variable roles of legislation in articulating procedures, providing concrete rights to communities, and catalysing cultural change within communities and public bodies in the context of sustainable development, wellbeing, and human rights. I conclude that community empowerment legislation does matter, but that such must be coupled with practical and financial resources for implementation and longer-term support.