Part VI Companies, oil, insurance etc.
Chapter IV Miscellaneous cases
The F8Regulator of Social Housing,F3the Secretary of State and housing associations
Words in s. 218 cross-heading substituted (1.11.1998) by Government of Wales Act 1998 (c. 38), ss. 140, 158(1), Sch. 16 para. 80; S.I. 1998/2244, art. 5
C1F1219F9Disposals by housing related bodies.
1
In any case where—
a
c
in pursuance of a direction of F11a housing regulator given under F14section 167 of the Housing and Regeneration Act 2008, Part I of the Housing Act 1996 or Part I of the Housing Associations Act 1985 (as the case may be) requiring it to do so, a F13relevant housing provider disposes of any of its property, other than land, to another F13relevant housing provider, or
d
both parties to the disposal shall be treated for the purposes of tax on chargeable gains as if the land or property disposed of were acquired from F15the housing regulatorF6, the Homes and Communities Agency, F13relevant housing provider or unregistered self-build society making the disposal for a consideration of such an amount as would secure that on the disposal neither a gain nor a loss accrued to F15the housing regulatorF7, the Homes and Communities Agency or, as the case may be, that F13relevant housing provider or society.
2
In this section—
F16“housing regulator” means the Regulator of Social Housing, F2the Secretary of State or Scottish Homes;
F17“relevant housing provider” means—
- a
a non-profit registered provider of social housing,
- b
a registered social landlord within the meaning of Part 1 of the Housing Act 1996, or
- c
a body registered in the register maintained under section 57 of the Housing (Scotland) Act 2001.
- a
“unregistered self-build society” has the same meaning as in the Housing Associations Act 1985.
Words in s. 218 cross-heading substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 9 para. 17(5); S.I. 2010/862, art. 2 (with Sch.)