Paragraph 2 I1
England and Wales
In the case of F1a transaction subject to a public sector discount—
section 19(1) (contingent consideration to be included in chargeable consideration on assumption that contingency will occur) does not apply, and
any consideration that would be payable only if a contingency were to occur, or that is payable only because a contingency has occurred, does not count as chargeable consideration.
The following are relevant public sector bodies for the purposes of this paragraph—
a Minister of the Crown;
the Welsh Ministers;
a local housing authority within the meaning given by section 1 of the Housing Act 1985 (c. 68);
a registered social landlord;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a local policing body within the meaning of section 101(1) of the Police Act 1996 (c. 16);
a person specified for the purposes of this paragraph by the Welsh Ministers by regulations.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
In this paragraph—
F7...
“"registered social landlord”” (“"landlord cymdeithasol cofrestredig”") means a body registered as a social landlord in a register maintained under section 1(1) of the Housing Act 1996 (c. 52).
Annotations
Textual amendments
- F1
Words in Sch. 15 para. 2(1) substituted (26.1.2019) by The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(aa)
- F2
Words in Sch. 15 para. 2(2) substituted (26.1.2019) by The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(bb)(i)
- F3
Sch. 15 para. 2(2)(b) and word omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(bb)(ii)
- F4
Sch. 15 para. 2(3)(e) omitted (10.9.2025) by virtue of Legislation (Procedure, Publication and Repeals) (Wales) Act 2025 (asc 3), s. 9(2)(d), Sch. 1 para. 17(a)
- F5
Sch. 15 para. 2(4) omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(cc)
- F6
Sch. 15 para. 2(5) omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(dd)
- F7
Words in Sch. 15 para. 2(6) omitted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(ii)(ee)
Commencement
- I1
Sch. 15 para. 2 in force at 1.4.2018 by S.I. 2018/34, art. 3
Notes on Part 2
Textual amendments
- F1
Sch. 15 Pt. 2 title substituted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(iii)(aa)
Notes on Relief for public sector discount transactions
Textual amendments
- F1
Sch. 15 para. 2 heading substituted (26.1.2019) by virtue of The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 (Consequential Amendments and Savings Provisions) Regulations 2019 (S.I. 2019/110), regs. 1, 4(b)(iii)(bb)