42 Relief for first-time buyers in cases of shared ownership
Finance Act 2019 (2019 c 1) | Legislation

Part 2 Other Taxes

Stamp duty land tax

42  Relief for first-time buyers in cases of shared ownership

(1)     Schedule 9 to FA 2003 (stamp duty land tax: shared ownership leases etc) is amended as follows.

(2)     In paragraph 4 (shared ownership lease: election where staircasing allowed), after sub-paragraph (4) insert—

“(4A)     See paragraph 15 for further provision in connection with relief for first-time buyers.”

(3)     After paragraph 14 insert—

“Relief for first-time buyers: shared ownership lease where election made
15

Where—

(a)     paragraph 4 applies, and

(b)     relief is claimed under paragraph 1 of Schedule 6ZA in respect of the grant of the lease concerned,

no tax is chargeable in respect of so much of the

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