Part VI Stamp Duty
107 Sale of houses at discount by local authorities etc.C1
1
Where a conveyance or transfer to which this section applies is subject contingently to the payment of any money (whether by virtue of that conveyance or transfer or otherwise), then, notwithstanding section 57 of the M1Stamp Act 1891, that money shall not be deemed to be part of the consideration in respect of which the conveyance or transfer is chargeable with ad valorem duty.
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This section applies to any conveyance or transfer on sale of a dwelling-house (including the grant of a lease) at a discount by—
a
any Minister of the Crown or Northern Ireland department;
b
a F2local housing authority within the meaning of the Housing Act 1985, a county council, a district council within the meaning of the M2Local Government Act (Northern Ireland) 1972 or in Scotland a F3council constituted under section 2 of the Local Government etc. (Scotland) Act 1994, the common good of such a council or any trust under its control;
c
the Housing Corporation;
F4ca
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d
the F5Scottish Homes;
e
the Northern Ireland Housing Executive;
F6ea
a registered social landlord within the meaning of Part I of the Housing Act 1996;
f
a housing association F7registered—;
i
in Scotland, under the Housing Associations Act 1985, or
ii
in Northern Ireland, under Part II of the Housing (Northern Ireland) Order 1992;
F8ff
a housing action trust established under Part III of the Housing Act 1988;
g
h
the Commission for the New Towns or a new town commission established under section 7 of the M6New Towns Act (Northern Ireland) 1965;
F9i
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j
the Council of the Isles of Scilly;
k
ka
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l
an Education and Libraries Board established under the M7Education and Libraries (Northern Ireland) Order 1972;
m
any person mentioned in paragraph (e), (i), (j) or (l) of section 1(10) of the M8Tenants’ Rights, Etc. (Scotland) Act 1980.
F13n
the United Kingdom Atomic Energy Authority
F14o
such other body as the Treasury may, by order made by statutory instument, prescribe for the purposes of this section
F153A
This section also applies to any conveyance or transfer on sale of a dwelling house where the conveyance or transfer is made pursuant to a sub-sale made at a discount by a body falling within F16subsection (3)(ea) or (f)above.
F173B
This section also applies to a conveyance or transfer on sale (including the grant of a lease) by a person against whom the right to buy under Part V of the Housing Act 1985 is exercisable by virtue of section 171A of that Act (preservation of right to buy on disposal to private sector landlord) to a person who is the qualifying person for the purposes of the preserved right to buy and in relation to whom that dwelling-house is the qualifying dwelling-house.
F243C
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4
This section applies to instruments executed on or after 23rd March 1981 and shall be deemed to have come into force on that date.
F22108 Shared ownership transactions.
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