SCHEDULES

SCHEDULE 9Stamp duty land tax: right to buy, shared ownership leases etc

F1Shared ownership lease: grant not linked with staircasing transactions etc

Annotations:
Amendments (Textual)

F1Sch. 9 para. 4B and cross-heading inserted (with effect in accordance with s. 95(13) of the amending Act) by Finance Act 2008 (c. 9), s. 95(8)

4B

(1)

For the purpose of determining the F2amount of tax chargeable on the grant of a shared ownership lease of a dwelling, the grant shall be treated as if it were not linked to—

(a)

any acquisition of an interest in the dwelling to which paragraph 4A applies, or

(b)

a transfer of the reversion to the lessee or lessees under the terms of the lease.

(2)

In this paragraph “shared ownership lease” has the same meaning as in paragraph 4A.