SCHEDULE 3 Stamp Duty Land Tax: Transactions Exempt From Charge
Finance Act 2003 (2003 c 14) | Legislation

SCHEDULE 3 Stamp Duty Land Tax: Transactions Exempt From Charge

Section 49

No chargeable consideration

1

A land transaction is exempt from charge if there is no chargeable consideration for the transaction.

Grant of certain leases by registered social landlords

2

(1)     The grant of a lease of a dwelling is exempt from charge if the lease—

(a)     is granted by a [relevant housing provider] to one or more individuals in accordance with arrangements to which this paragraph applies, and

(b)     is for an indefinite term or is terminable by notice of a month or less.

(2)     This paragraph applies to arrangements between a [relevant housing provider] and a housing authority under which the [relevant housing provider] provides, for individuals nominated by the authority in pursuance of its statutory housing functions, temporary rented accommodation which the [relevant housing provider] itself has obtained on a short-term basis.

The reference above to accommodation obtained by the [relevant housing provider] “on a short-term basis†is to accommodation leased to the [relevant housing provider] for a term of five years or less.

[(2A)     A “relevant housing provider†means—

(a)     a non-profit registered provider of social housing, or

(b)     a registered social

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