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.
A body falls within this subsection if it is—
a non-profit registered provider of social housing;
a registered social landlord within the meaning of Part I of the Housing Act 1996;
a registered housing association within the meaning of the Housing Associations Act 1985; or
a registered housing association within the meaning of Part II of the Housing (Northern Ireland) Order 1992.
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).