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Finance Act 2003

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Changes over time for: Cross Heading: Shared ownership lease: grant not linked with staircasing transactions etc

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Version Superseded: 12/02/2015

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Status:

Point in time view as at 01/10/2009.

Changes to legislation:

Finance Act 2003, Cross Heading: Shared ownership lease: grant not linked with staircasing transactions etc is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

[F1Shared ownership lease: grant not linked with staircasing transactions etcU.K.

Textual Amendments

F1Sch. 9 para. 4B and cross-heading inserted (with effect in accordance with s. 95(13) of the amending Act) by Finance Act 2008 (c. 9), s. 95(8)

4B(1)For the purpose of determining the rate of tax chargeable on the grant of a shared ownership lease of a dwelling, the grant shall be treated as if it were not linked to—U.K.

(a)any acquisition of an interest in the dwelling to which paragraph 4A applies, or

(b)a transfer of the reversion to the lessee or lessees under the terms of the lease.

(2)In this paragraph “shared ownership lease” has the same meaning as in paragraph 4A.]

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