{
  "url": "https://openlegislation.uk/finance-act-2003/schedule-9/paragraph-11",
  "json_url": "https://openlegislation.uk/finance-act-2003/schedule-9/paragraph-11.json",
  "legislation": "ukpga/2003/14",
  "legislation_title": "Finance Act 2003",
  "legislation_url": "https://openlegislation.uk/finance-act-2003",
  "path": "schedule/9/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "Where no election has been made under paragraph 9 in respect of a shared ownership trust—\n(a) the initial capital shall be treated for the purposes of stamp duty land tax as chargeable consideration other than rent, and\n(b) any rent-equivalent ... payment by the purchaser shall be treated for the purposes of stamp duty land tax as a payment of rent.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 9 paras. 7-11 and cross-headings inserted (with effect in accordance with s. 77(2) of the amending Act) by Finance Act 2007 (c. 11), s. 77(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in Sch. 9 para. 11(b) omitted (with effect in accordance with s. 95(13) of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 95(9)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/11",
    "retrieved_at": "2026-10-29T09:18:27.996599+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}