Paragraph 12 F1

United Kingdom

For the purpose of determining the F2amount 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.

Annotations

Textual amendments

F1: 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)
F2: Word in Sch. 9 para. 12 substituted (with effect in accordance with s. 2(2) of the amending Act) by Stamp Duty Land Tax Act 2015 (c. 1), Sch. para. 15 (with s. 2(3)-(6))

Notes on Schedule 9

Modifications

C1: Sch. 9 modified (temp.) (22.7.2020) by Stamp Duty Land Tax (Temporary Relief) Act 2020 (c. 15), s. 1 (as amended (10.6.2021) by 2021 c. 26, s. 87(2))