SCHEDULES
SCHEDULE 9Stamp duty land tax: right to buy, shared ownership leases etc
Rent to mortgage or rent to loan: chargeable consideration
10F1Shared ownership trust: treatment of staircasing transaction
1
An equity-acquisition additional payment under a shared ownership trust, and the consequent increase in the purchaser's beneficial interest, shall be exempt from charge if—
a
an election was made under paragraph 9, and
b
any tax chargeable in respect of the declaration of trust has been paid.
2
An equity-acquisition additional payment under a shared ownership trust, and the consequent increase in the purchaser's beneficial interest, shall also be exempt from charge if following the increase the purchaser's beneficial interest does not exceed 80% of the total beneficial interest in the trust property.