SCHEDULES
SCHEDULE 3 Social rented sector: minor amendments
Finance Act 1981 (c.35)
I11
1
Section 107 of the Finance Act 1981 (stamp duty payable upon sale of houses at a discount) is amended as follows.
2
After subsection (3)(e) insert—
ea
a registered social landlord within the meaning of Part I of the Housing Act 1996;
3
In subsection (3)(f) for the words from “registered” to the end substitute
registered—
i
in Scotland, under the Housing Associations Act 1985, or
ii
in Northern Ireland, under Part II of the Housing (Northern Ireland) Order 1992;
4
In subsection (3A) (exclusion of certain sub-sales), for “subsection (3)(f)” substitute “
subsection (3)(ea) or (f)
”
.
5
After subsection (3B) insert—
3C
A grant under section 20 or 21 of the Housing Act 1996 (purchase grants in respect of disposals at a discount by registered social landlords) shall not be treated as part of the consideration for a conveyance or transfer to which this section applies made by a body falling within subsection (3)(ea) above.