Section 219 — Taxation of Chargeable Gains Act 1992: Disposals by housing related bodies.

Disposals by housing related bodies. 219 1 In any case where—

a a housing regulator or the Homes and Communities Agency disposes of any land to a relevant housing provider , or b a relevant housing provider disposes of any land to another relevant housing provider , or c in pursuance of a direction of a housing regulator given under section 167 of the Housing and Regeneration Act 2008 , section 106 of the Housing (Scotland) Act 2010 , Part I of the Housing Act 1996 or Part I of the Housing Associations Act 1985 (as the case may be) requiring it to do so, a relevant housing provider disposes of any of its property, other than land, to another relevant housing provider , or d a relevant housing provider or an unregistered self-build society disposes of any land to a housing regulator , the Homes and Communities Agency or the Greater London Authority , both parties to the disposal shall be treated for the purposes of tax on chargeable gains as if the land or property disposed of were acquired from the housing regulator , the Homes and Communities Agency , relevant housing provider or unregistered self-build society making the disposal for a consideration of such an amount as would secure that on the disposal neither a gain nor a loss accrued to the housing regulator , the Homes and Communities Agency or, as the case may be, that relevant housing provider or society.

2 In this section— “housing regulator” means the Regulator of Social Housing , the Scottish Housing Regulator , the Secretary of State or Scottish Homes; “ relevant housing provider ” means—

a non-profit registered provider of social housing, a registered social landlord within the meaning of Part 1 of the Housing Act 1996, or a body registered in the register maintained under section 20(1) of the Housing (Scotland) Act 2010 . “unregistered self-build society” has the same meaning as in the Housing Associations Act 1985.