# Finance Act 2003, Paragraph 12

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

For the purpose of determining the amount 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.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/9/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-9/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.