Finance Act 2003

Grant of certain leases by registered social landlordsU.K.

2(1)The grant of a lease of a dwelling is exempt from charge if the lease—U.K.

(a)is granted by a [F1relevant 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 [F2relevant housing provider] and a housing authority under which the [F2relevant housing provider] provides, for individuals nominated by the authority in pursuance of its statutory housing functions, temporary rented accommodation which the [F2relevant housing provider] itself has obtained on a short-term basis.

The reference above to accommodation obtained by the [F2relevant housing provider] “on a short-term basis” is to accommodation leased to the [F2relevant housing provider] for a term of five years or less.

[F3(2A)A “relevant housing provider” means—

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

(b)a registered social landlord.]

(3)A “housing authority” means—

(a)in relation to England and Wales—

(i)a principal council within the meaning of the Local Government Act 1972 (c. 70), or

(ii)the Common Council of the City of London;

(b)in relation to Scotland, a council constituted under section 2 of the Local Government etc. (Scotland) Act 1994 (c. 39);

(c)in relation to Northern Ireland—

(i)the Department for Social Development in Northern Ireland, or

(ii)the Northern Ireland Housing Executive.

Textual Amendments

F1Words in Sch. 3 para. 2(1) substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 9 para. 31(2); S.I. 2010/862, art. 2 (with Sch.)

F2Words in Sch. 3 para. 2(2) substituted (1.4.2010) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 9 para. 31(2); S.I. 2010/862, art. 2 (with Sch.)