C1C2C3C4C5C6Part 4Stamp duty land tax

Annotations:
Modifications etc. (not altering text)
C3

Pt. 4 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 194(8)-(12)

C4

Pt. 4 applied (17.7.2014) by Finance Act 2014 (c. 26), ss. 223(8)(9)(d)

C5

Pt. 4 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))

C6

Pt. 4 modified (temp.) (10.6.2021) by 2020 c. 15, s. 1A (as inserted by Finance Act 2021 (c. 26), s. 87(3))

Reliefs

71I1Certain acquisitions by registered social landlord

F3A1

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 F6relevant housing provider is exempt from charge if—

a

the F6relevant 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.

F51A

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 F7relevant housing provider “controlled by its tenants” is to a F7relevant housing provider the majority of whose board members are tenants occupying properties owned or managed by it.

  • “Board member”, in relation to a F7relevant housing provider, means—

    1. a

      if it is a company, a director of the company,

    2. b

      if it is a body corporate whose affairs are managed by its members, a member,

    3. c

      if it is body of trustees, a trustee,

    4. d

      if it is not within paragraphs (a) to (c), a member of the committee of management or other body to which is entrusted the direction of the affairs of the F7relevant housing provider.

3

In subsection (1)(b) “qualifying body” means—

a

a F8relevant 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 F4this 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),

F2ca

under section 19 of the Housing and Regeneration Act 2008 (financial assistance by the Homes and Communities Agency),

F9cb

made or given by the Greater London Authority,

d

under section 2 of the Housing (Scotland) Act 1988 (c. 43) (general functions of the Scottish Ministers), or

e

under Article 33 F1or 33A of the Housing (Northern Ireland) Order 1992 (S.I. 1992/1725 (N.I. 15)).

F105

In this section “public subsidy” also means any grant under section 31 of the Local Government Act 2003 (grants towards expenditure incurred or to be incurred by local authorities) towards expenditure incurred or to be incurred on the provision of social housing within the meaning of Part 2 of the Housing and Regeneration Act 2008 (see sections 68 and 72 of that Act).