# Finance Act 2003, Paragraph 2

Extent: E+W+S+N.I.

(1) The grant of a lease of a dwelling is exempt from charge if the lease—
(a) is granted by a relevant housing provider to one or more individuals in accordance with arrangements to which this paragraph applies, and
(b) is for an indefinite term or is terminable by notice of a month or less.
(2) This paragraph applies to arrangements between a relevant housing provider and a housing authority under which the relevant housing provider provides, for individuals nominated by the authority in pursuance of its statutory housing functions, temporary rented accommodation which the relevant housing provider itself has obtained on a short-term basis.
The reference above to accommodation obtained by the relevant housing provider “on a short-term basis” is to accommodation leased to the relevant housing provider for a term of five years or less.
(2A) A “relevant housing provider” means—
(a) a non-profit registered provider of social housing, or
(b) a registered social landlord.
(3) A “housing authority” means—
(a) in relation to England and Wales—
(i) a principal council within the meaning of the Local Government Act 1972 (c. 70), or
(ii) the Common Council of the City of London;
(b) in relation to Scotland, a council constituted under section 2 of the Local Government etc. (Scotland) Act 1994 (c. 39);
(c) in relation to Northern Ireland—
(i) the Department for Social Development in Northern Ireland, or
(ii) the Northern Ireland Housing Executive.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.