Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Chapter SDLTM27020

Document Cited authorities 1 Cited in Related
Vincent
Published date19 March 2016
Record NumberSDLTM27020
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

The term “shared ownership lease” is not defined in SDLT legislation. However, in order to benefit from the special treatment for shared ownership leases under FA03/SCH9 the lease must meet all of the following general conditions.

The lease must be granted either by a qualifying body or in pursuance of a preserved right to buy.

Qualifying bodies are

  • a local housing authority
  • a housing association
  • a housing action trust
  • the Northern Ireland Housing Executive
  • the Homes and Communities Agency
  • the Greater London Authority so far as exercising its housing or regeneration functions or its new towns and urban development functions
  • a development corporation established by an order made, or having effect as if made, under the New Towns Act 1981 (c64).
  • a private registered provider of social housing that is not a housing association.

A lease is granted in pursuance of a preserved right to buy where

  • the lessor is a...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT