Section 70

RIGHT TO BUY TRANSACTIONS

Related Commentary  Related HMRC Manuals

1(1)  In the case of a right to buy transaction–

(a)section 51(1) (contingent consideration to be included in chargeable consideration on assumption that contingency will occur) does not apply, and

(b)any consideration that would be payable only if a contingency were to occur, or that is payable only because a contingency has occurred, does not count as chargeable consideration.

1(2)  A “right to buy transaction”  means–

(a)the sale of a dwelling at a discount, or the grant of a lease of a dwelling at a discount, by a relevant public sector body, or

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