Finance Act 2013

150 Providers of social housing [F1 etc] U.K.

(1) A day in a chargeable period is relievable in relation to a single-dwelling interest if on that day—

(a) a profit-making registered provider of social housing (P) is entitled to the interest, and

(b) P's acquisition of the interest (or of any part of the interest) was funded with the assistance of public subsidy.

(2) A day in a chargeable period is relievable in relation to a single-dwelling interest if on that day—

(a) a relevant housing provider (that is, a non-profit registered provider of social housing or a registered social landlord) is entitled to the interest, and

(b) the condition in subsection (3) is met.

(3) The condition mentioned in subsection (2) is that—

(a) the relevant housing provider is controlled by its tenants,

(b) the person from whom the relevant housing provider acquired the interest (or any part of the interest) is a qualifying body, or

(c) the relevant housing provider's acquisition of the interest (or of any part of the interest) was funded with the assistance of a public subsidy.

[F2 (3A) A day in a chargeable period is relievable in relation to a single-dwelling interest if on that day a qualifying housing co-operative (as defined by section 150A) is entitled to the interest.]

(4) In this section—

(a) the reference to a relevant housing provider “controlled by its tenants” is to be read in accordance with subsection (2) of section 71 of FA 2003;

(b) “qualifying body” has the meaning given by subsection (3) of that section;

(c) “public subsidy” has the same meaning as in that section.

Textual Amendments

F1 Word in s. 150 heading inserted (with effect in accordance with s. 90(3)-(6) of the amending Act) by Finance Act 2021 (c. 26), s. 90(1)(b)

F2 S. 150(3A) inserted (with effect in accordance with s. 90(3)-(6) of the amending Act) by Finance Act 2021 (c. 26), s. 90(1)(a)