Finance Act 2003

130Registered social landlords: treatment of certain leases granted between 1st January 1990 and 27 March 2000U.K.

(1)This section applies to a lease in relation to which the following conditions are met—

(a)it is a lease of a dwelling to one or more individuals;

(b)it is for an indefinite term or is terminable by notice of a month or less;

(c)it was executed on or after 1st January 1990 and before 28th March 2000;

(d)at the time it was executed the rate or average rate of the rent (whether reserved as a yearly rent or not) was £5,000 a year or less; and

(e)the landlord’s interest has at any time before 26th June 2003 been held by a registered social landlord.

(2)A lease to which this section applies (whether or not presented for stamping) shall be treated—

(a)for the purposes of section 14 of the Stamp Act 1891 (c. 39) (production of instrument in evidence) as it applies in relation to proceedings begun after the day on which this Act is passed, and

(b)for the purposes of section 17 of that Act (enrolment etc of instrument) as it applies to any act done after that day,

as if it had been duly stamped in accordance with the law in force at the time when it was executed.

F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)This section shall be construed as one with the Stamp Act 1891.

(8)The reference in subsection (1) above to the landlord’s interest being held by a “registered social landlord” is to its being held by a body that—

(a)is registered in a register maintained under—

(i)Article 124 of the Housing (Northern Ireland) Order 1981 (S.I. 1981/156 (N.I. 3)),

(ii)section 3(1) of the Housing Associations Act 1985 (c. 69),

(iii)Article 14 of the Housing (Northern Ireland) Order 1992 (S.I. 1992/1725 (N.I. 15)),

(iv)section 1(1) of the Housing Act 1996 (c. 52), or

(v)section 57 of the Housing (Scotland) Act 2001 (asp 10), or

(b)is a body corporate whose objects correspond to those of a housing association and which, pursuant to a contract with Scottish Homes, is registered in a register kept for the purposes by Scottish Homes.

F2(9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1S. 130(3)-(6) repealed (with effect in accordance with Sch. 39 para. 10(2)(3) of the amending Act) by Finance Act 2012 (c. 14), Sch. 39 para. 9(1)(c) (with Sch. 39 paras. 11-13)

F2S. 130(9) repealed (with effect in accordance with Sch. 39 para. 10(2)(3) of the amending Act) by Finance Act 2012 (c. 14), Sch. 39 para. 9(1)(c) (with Sch. 39 paras. 11-13)