Paragraph 9A F1

that is a higher rates residential property transaction under paragraph 3,

the effective date of which is during the period beginning with 13 February 2026 and ending with 31 March 2031, and

the chargeable consideration for which is £400,000 or less.

in another transaction (“the disposal transaction”) the buyer in the acquisition transaction grants a lease of the purchased dwelling (“the leased dwelling”) to a local authority,

the lease is for a term of at least 5 years but not more than 20 years,

the rent payable under the lease is no greater than the maximum local housing allowance applicable at the effective date of the disposal transaction in respect of the leased dwelling, and

the effective date of the disposal transaction is during the period of 18 months beginning with the effective date of the acquisition transaction.

a transaction to which sub-paragraph (2) applies, see paragraph 23A;

a transaction to which sub-paragraph (3) applies, see paragraph 23B.