SCHEDULES
SCHEDULE 9

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

Shared ownership trust: declaration not linked with staircasing transactions etc
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.
Sch. 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)