71Certain acquisitions by registered social landlordU.K.
[(A1)A land transaction under which the purchaser is a profit-making registered provider of social housing is exempt from charge if the transaction is funded with the assistance of a public subsidy.]
(1)A land transaction under which the purchaser is a [relevant housing provider] is exempt from charge if—
(a)the [relevant housing provider] is controlled by its tenants,
(b)the vendor is a qualifying body, or
(c)the transaction is funded with the assistance of a public subsidy.
[(1A)In this section “relevant housing provider” means—
(a)a non-profit registered provider of social housing, or
(b)a registered social landlord.]
(2)The reference in subsection (1)(a) to a [relevant housing provider] “controlled by its tenants” is to a [relevant housing provider] the majority of whose board members are tenants occupying properties owned or managed by it.
(3)In subsection (1)(b) “qualifying body” means—
(a)a [relevant housing provider],
(b)a housing action trust established under Part 3 of the Housing Act 1988 (c. 50),
(c)a principal council within the meaning of the Local Government Act 1972 (c. 70),
(d)the Common Council of the City of London,
(e)the Scottish Ministers,
(f)a council constituted under section 2 of the Local Government etc. (Scotland) Act 1994 (c. 39),
(g)Scottish Homes,
(h)the Department for Social Development in Northern Ireland, or
(i)the Northern Ireland Housing Executive.
(4)In [this section] “public subsidy” means any grant or other financial assistance—
(a)made or given by way of a distribution pursuant to section 25 of the National Lottery etc. Act 1993 (c. 39) (application of money by distributing bodies),
(b)under section 18 of the Housing Act 1996 (c. 52) (social housing grants),
(c)under section 126 of the Housing Grants, Construction and Regeneration Act 1996 (c. 53) (financial assistance for regeneration and development),
[(ca)under section 19 of the Housing and Regeneration Act 2008 (financial assistance by the Homes and Communities Agency),]
(d)under section 2 of the Housing (Scotland) Act 1988 (c. 43) (general functions of the Scottish Ministers), or
(e)under Article 33 [or 33A] of the Housing (Northern Ireland) Order 1992 (S.I. 1992/1725 (N.I. 15)).
Textual Amendments
Commencement Information