PART II EXEMPT TRANSFERS
CHAPTER I GENERAL
24AF1 Gifts to housing associations.
1
A transfer of value is exempt to the extent that the value transferred by it is attributable to land in the United Kingdom given to a F2body falling within subsection (2) below.
F32
A body falls within this subsection if it is—
a
a registered social landlord within the meaning of Part I of the Housing Act 1996;
b
a registered housing association within the meaning of the Housing Associations Act 1985; or
c
a registered housing association within the meaning of Part II of the Housing (Northern Ireland) Order 1992..
3
Subsections (2) to (5) of section 23 and subsection (4) of section 24 above shall apply in relation to subsection (1) above as they apply in relation to section 24(1).