SCHEDULE 15RELIEF FOR CERTAIN TRANSACTIONS RELATING TO SOCIAL HOUSING

PART 3SHARED OWNERSHIP LEASES

Shared ownership lease: grant not linked with staircasing transactions etc.

7

For the purpose of determining the amount of tax chargeable on the grant of a shared ownership lease of a dwelling, the grant is to be treated as if it is not linked to—

(a)

any acquisition of an interest in the dwelling to which paragraph 6 applies, or

(b)

a transfer of the reversion to the tenant under the terms of the lease.