SCHEDULES

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

F1Shared ownership trust: declaration not linked with staircasing transactions etc

Annotations:
Amendments (Textual)

F1Sch. 9 para. 12 and cross-heading inserted (with effect in accordance with s. 95(13) of the amending Act) by Finance Act 2008 (c. 9), s. 95(10)

12

For the purpose of determining the rate of tax chargeable on the declaration of a shared ownership trust, the declaration shall be treated as if it were not linked to—

(a)

any equity-acquisition payment under the trust or any consequent increase in the purchaser's beneficial interest in the trust property, or

(b)

a transfer to the purchaser of an interest in the trust property upon the termination of the trust.