Taxation of Chargeable Gains Act 1992 section 219

Disposals by housing related bodies

Section 219 provides that certain transfers of land and property between housing-related bodies are treated on a no gain/no loss basis for capital gains tax purposes.

• Disposals of land between housing regulators, the Homes and Communities Agency, the Greater London Authority, and relevant housing providers are treated as taking place at a value that produces neither a chargeable gain nor an allowable loss.
• The same no gain/no loss treatment applies when a relevant housing provider disposes of land to another relevant housing association, or disposes of non-land property to another relevant housing association under a direction from a housing regulator.
• Where a relevant housing association or an unregistered self-build society disposes of land back to the Corporation or the Homes and Communities Agency, the same no gain/no loss treatment applies.
• Housing regulators for this purpose include the Regulator of Social Housing, the Scottish Housing Regulator, the Secretary of State, and Scottish Homes; relevant housing providers include non-profit registered providers of social housing, registered social landlords, and bodies registered under Scottish housing legislation.