SCHEDULE 15RELIEF FOR CERTAIN TRANSACTIONS RELATING TO SOCIAL HOUSING
PART 2F7Public Sector Discount Relief
F8Relief for public sector discount transactions
Sch. 15 para. 2 heading substituted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(iii)(bb)
I12
1
In the case of F1a transaction subject to a public sector discount—
a
section 19(1) (contingent consideration to be included in chargeable consideration on assumption that contingency will occur) does not apply, and
b
any consideration that would be payable only if a contingency were to occur, or that is payable only because a contingency has occurred, does not count as chargeable consideration.
2
A ““F2transaction subject to a public sector discount”” means—
a
the sale of a dwelling at a discount, or the grant of a lease of a dwelling at a discount, by a relevant public sector bodyF3...
F3
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3
The following are relevant public sector bodies for the purposes of this paragraph—
a
a Minister of the Crown;
b
the Welsh Ministers;
c
a local housing authority within the meaning given by section 1 of the Housing Act 1985 (c. 68);
d
a registered social landlord;
e
a housing action trust established under Part 3 of the Housing Act 1988 (c. 50);
f
a local policing body within the meaning of section 101(1) of the Police Act 1996 (c. 16);
g
a person specified for the purposes of this paragraph by the Welsh Ministers by regulations.
F44
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F55
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6
In this paragraph—
F6...
“"registered social landlord”” (“"landlord cymdeithasol cofrestredig”") means a body registered as a social landlord in a register maintained under section 1(1) of the Housing Act 1996 (c. 52).
Sch. 15 Pt. 2 title substituted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(iii)(aa)