Section 81 Registered providers of social housing

(1)

Part 4 of FA 2003 (stamp duty land tax) is amended as follows.

(2)

Section 71 (certain acquisitions by registered social landlord) is amended as follows.

(3)

Insert at the beginning—

(A1)
A land transaction under which the purchaser is a profit-making registered provider of social housing is exempt from charge if the transaction is funded with the assistance of a public subsidy.

(4)

In subsection (4), for “subsection (1)(c)” substitute “ this section ”.

(5)

Schedule 9 (right to buy etc) is amended as follows.

(6)

In paragraph 5 (shared ownership leases: “qualifying body” etc)—

(a)

in sub-paragraph (2), insert at the end—

(g)
a registered provider of social housing that is not within paragraph (b) (subject to sub-paragraph (2A)).

, and

(b)

after that sub-paragraph insert—

(2A)
A registered provider of social housing within sub-paragraph (2)(g) (“R”) is only a qualifying body in relation to a lease of premises if the following has been funded with the assistance of a grant or other financial assistance under section 19 of the Housing and Regeneration Act 2008—
(a)
the purchase or construction of the premises by R (or a person connected with R), or
(b)
the adaptation of the premises by R (or a person connected with R) for use as a dwelling.
(2B)
Section 839 of the Taxes Act 1988 (connected persons) has effect for the purposes of sub-paragraph (2A).

(7)

In paragraph 7 (shared ownership trusts: introduction)—

(a)

in sub-paragraph (3), omit “(within the meaning of paragraph 5(2))”, and

(b)

insert at the end—

(7)
In Condition 2 “qualifying body” means—
(a)
a qualifying body within the meaning of paragraph 5(2)(a) to (f), or
(b)
a registered provider of social housing within paragraph 5(2)(g) (subject to sub-paragraph (8)).
(8)
A registered provider of social housing within paragraph 5(2)(g) (“R”) is only a qualifying body in relation to a shared ownership trust if the following has been or is being funded with the assistance of a grant or other financial assistance under section 19 of the Housing and Regeneration Act 2008—
(a)
the purchase or construction of the trust property by R (or a person connected with R), or
(b)
the adaptation of the trust property by R (or a person connected with R) for use as a dwelling.
(9)
Section 839 of the Taxes Act 1988 (connected persons) has effect for the purposes of sub-paragraph (8).

(8)

The amendments made by this section have effect in relation to transactions with an effective date on or after the day on which this Act is passed.