Shared ownership trust transfer upon terminationE+W
13E+WThe transfer to the buyer of an interest in the trust property upon the termination of the trust is relieved from tax if—
(a)an election has been made under paragraph 12, and
(b)any tax chargeable in respect of the declaration of the shared ownership trust has been paid.
Commencement Information
I1Sch. 15 para. 13 in force at 1.4.2018 by S.I. 2018/34, art. 3