Taxation of Chargeable Gains Act 1992

[F2219[F1Disposals by housing related bodies.]U.K.

(1)In any case where—

(a)[F3a housing regulator] [F4or the Homes and Communities Agency] disposes of any land to a [F5relevant housing provider], or

(b)a [F5relevant housing provider] disposes of any land to another [F5relevant housing provider], or

(c)in pursuance of a direction of [F6a housing regulator] given under [F7section 167 of the Housing and Regeneration Act 2008[F8, section 106 of the Housing (Scotland) Act 2010],] 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 [F5relevant housing provider] disposes of any of its property, other than land, to another [F5relevant housing provider], or

(d)a [F5relevant housing provider] or an unregistered self-build society disposes of any land to [F9a housing regulator][F10, the Homes and Communities Agency or the Greater London Authority],

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 [F11the housing regulator][F12, the Homes and Communities Agency], [F5relevant 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 [F11the housing regulator][F13, the Homes and Communities Agency] or, as the case may be, that [F5relevant housing provider] or society.

(2)In this section—

  • [F14“housing regulator” means the Regulator of Social Housing][F15, the Scottish Housing Regulator], [F16the 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 [F18section 20(1) of the Housing (Scotland) Act 2010].]

  • “unregistered self-build society” has the same meaning as in the Housing Associations Act 1985.]

Textual Amendments

F3Words in s. 219(1)(a) substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 9 para. 18(2)(a); S.I. 2010/862, art. 2 (with Sch.)

F6Words in s. 219(1)(c) substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 9 para. 18(2)(a); S.I. 2010/862, art. 2 (with Sch.)

F9Words in s. 219(1)(d) substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 9 para. 18(2)(a); S.I. 2010/862, art. 2 (with Sch.)

F10Words in s. 219(1)(d) substituted (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 19 para. 32; S.I. 2012/628, art. 6(i) (with arts. 9, 11, 14, 15, 17)

F16Words in s. 219(2) substituted (1.11.1998) by virtue of Government of Wales Act 1998 (c. 38), ss. 140, 158(1), Sch. 16 para. 79; S.I. 1998/2244, art. 5

Modifications etc. (not altering text)