SCHEDULES

C1SCHEDULE 9Stamp duty land tax: right to buy, shared ownership leases etc

Annotations:
Modifications etc. (not altering text)
C1

Sch. 9 modified (temp.) (22.7.2020) by Stamp Duty Land Tax (Temporary Relief) Act 2020 (c. 15), s. 1 (as amended (10.6.2021) by 2021 c. 26, s. 87(2))

F1Shared ownership trust: treatment of additional payments where no election made

Annotations:
Amendments (Textual)
F1

Sch. 9 paras. 7-11 and cross-headings inserted (with effect in accordance with s. 77(2) of the amending Act) by Finance Act 2007 (c. 11), s. 77(1)

11

Where no election has been made under paragraph 9 in respect of a shared ownership trust—

a

the initial capital shall be treated for the purposes of stamp duty land tax as chargeable consideration other than rent, and

b

any rent-equivalent F2... payment by the purchaser shall be treated for the purposes of stamp duty land tax as a payment of rent.