SolvedSection 71 | Certain acquisitions by registered providers of social housing etc F1F2F3
From legislation.gov.uk
(A1)A land transaction under which the purchaser is a profit-making registered provider of social housing is exempt from charge if the transaction is funded with the assistance of a public subsidy.F4
(1)A land transaction under which the purchaser is a relevant housing provider is exempt from charge if—F5
(a)the purchaser is a non-profit registered provider of social housing controlled by its tenants,F6
(b)the vendor is a qualifying body, or
(c)the transaction is funded with the assistance of a public subsidy.
(1A)In this section “relevant housing provider” means—F1
(a)a non-profit registered provider of social housing, ...F1F7
(b)a housing association registered in the register maintained under Article 14 of the Housing (Northern Ireland) Order 1992 (S.I. 1992/1725 (N.I. 15)), orF1F2
(2)The reference in subsection (1)(a) to a non-profit registered provider of social housing “controlled by its tenants” is to a non-profit registered provider of social housing the majority of whose board members are tenants occupying properties owned or managed by it.F1F3
(3)In subsection (1)(b) “qualifying body” means—F1
(a)a relevant housing provider,F1F8
(c)a principal council within the meaning of the Local Government Act 1972 (c. 70),F1
(d)the Common Council of the City of London,F1
(h)the Department for Communities in Northern Ireland, orF1F11
(i)the Northern Ireland Housing Executive.F1
(4)In this section “public subsidy” means any grant or other financial assistance—F1F12
(a)made or given by way of a distribution pursuant to section 25 of the National Lottery etc. Act 1993 (c. 39) (application of money by distributing bodies),F1
(c)under section 126 of the Housing Grants, Construction and Regeneration Act 1996 (c. 53) (financial assistance for regeneration and development),F1
(ca)under section 19 of the Housing and Regeneration Act 2008 (financial assistance by the Homes and Communities Agency),F1F14
(cb)made or given by the Greater London Authority,F1F15
(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . orF16F1
(e)under Article 33 or 33A of the Housing (Northern Ireland) Order 1992 (S.I. 1992/1725 (N.I. 15)).F1F17
(5)In this section “public subsidy” also means —F1F18F19
(a)any amount that is receipts of the disposal of social housing, provided the purchaser is entitled to use the amount for the purpose of the provision of social housing, orF1F18F19
(b)any grant under section 31 of the Local Government Act 2003 (grants towards expenditure incurred or to be incurred by local authorities) towards expenditure incurred or to be incurred on the provision of social housing ....F1F18F19F20
(6)In subsection (5) “social housing” has the meaning it has in Part 2 of the Housing and Regeneration Act 2008 (see, in particular, section 68 of that Act).F1F21
(7)In this section “English local authority” means—F1F21
(a)a principal council within the meaning of the Local Government Act 1972, orF1F21