Shared ownership
An SDLT relief currently available to Registered Social Landlords is to be extended to certain (public subsidy funded) acquisitions involving the bodies due to replace them in England, known as profit-making Registered Providers of Social Housing. Relief may apply where the acquisition is by the body itself or a shared ownership scheme which it operates. In addition, the SDLT treatment of "Rent to HomeBuy", a new shared ownership scheme, is to be simplified.
Our view
The measures are largely a consequence of changes affecting affordable housing. The initiative to simplify shared ownership rules is welcome. The rules have previously been too complex to be widely taken advantage of in practice.
