ihta84/s24A.- Gifts to housing associations.

[24A.-(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.

[S.1.1996/2325.]

(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 1992.¹

1985 c. 69.

(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)²].

1 Substituted by the Housing Act 1996 (Consequential Provisions) Order 1996, Sch.2, para.12 (S.I.1996/2325). Originally ss.(1) "registered housing association," and 2 In subsection (1) above `registered housing association' means a registered housing association within the meaning of the Housing Association Act 1985 or Part VII of the Housing (Northern Ireland) Order 1981."

2 1989 s.171(1), with effect from 14 March 1989.