Section 24A Gifts to housing associations
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Amendments
Section 24A inserted by Finance Act 1989 section 171(1) in respect of transfers of value made after 13 March 1989.
(1) A transfer of value is exempt to the extent that the value transferred by it is attributable to land in the United Kingdom given to a [body falling within subsection (2) below.]1
Amendments
1 Substituted by S.I. 1996/2325 article 5(1) Schedule 2 para 12(2) from 1 October 1996.
(2) A body falls within this subsection if it is—
(a) a registered social landlord within the meaning of Part 1 of the Housing Act 1996;
(b) a registered housing association within the meaning of the Housing Associations Act 1985; or
(c) a registered housing association within the meaning of Part II of the Housing (Northern Ireland) Order 1992.
Amendments
Subs (2) substituted by S.I. 1996/2325 article 5(1) Schedule 2 para 12(3) from 1 October 1996.
(3) Subsections (2) to (5) of section 23 and subsection (4) of section 24 above shall apply in relation to subsection (1) above as they apply in relation to section 24(1).
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