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SCHEDULE 15E+WRELIEF FOR CERTAIN TRANSACTIONS RELATING TO SOCIAL HOUSING

PART 6 E+WRELIEF FOR CERTAIN ACQUISITIONS BY REGISTERED SOCIAL LANDLORDS

Relief for certain acquisitions by registered social landlordsE+W

19(1)A land transaction under which the buyer is a registered social landlord is relieved from tax if—E+W

(a)the registered social landlord is controlled by its tenants,

(b)the seller is a qualifying body, or

(c)the transaction is funded with the assistance of a public subsidy.

(2)The reference in sub-paragraph (1)(a) to a registered social landlord ““controlled by its tenants”” is to a registered social landlord the majority of whose board members are tenants occupying properties owned or managed by it.

(3)In this paragraph—

Annotations:

Commencement Information

I1Sch. 15 para. 19 in force at 1.4.2018 by S.I. 2018/34, art. 3