82 Rent to shared ownership
Finance Act 2009 (2009 c 10) | Legislation

82  Rent to shared ownership

(1)     In Schedule 9 to FA 2003 (stamp duty land tax: right to buy etc), insert at the end—

“Rent to shared ownership lease: charge to tax

13

(1)     The chargeable consideration for transactions forming part of a rent to shared ownership lease scheme is determined in accordance with this paragraph.

(2)     A “rent to shared ownership lease scheme” means a scheme or arrangement under which a qualifying body—

(a)     grants an assured shorthold tenancy of a dwelling to a person (“the tenant”) or persons (“the tenants”), and

(b)     subsequently grants a shared ownership lease of the dwelling or another dwelling to the tenant or one or more of the tenants.

(3)     The following transactions are to be treated

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