diff --git a/app/models/form/sales/questions/ownership_scheme.rb b/app/models/form/sales/questions/ownership_scheme.rb
index dc1d4fb29..d4c29e625 100644
--- a/app/models/form/sales/questions/ownership_scheme.rb
+++ b/app/models/form/sales/questions/ownership_scheme.rb
@@ -5,13 +5,22 @@ class Form::Sales::Questions::OwnershipScheme < ::Form::Question
     @check_answer_label = "Purchase made under ownership scheme"
     @header = "Was this purchase made through an ownership scheme?"
     @type = "radio"
-    @answer_options = ANSWER_OPTIONS
     @question_number = 3
   end
 
-  ANSWER_OPTIONS = {
-    "1" => { "value" => "Yes - a shared ownership scheme" },
-    "2" => { "value" => "Yes - a discounted ownership scheme" },
-    "3" => { "value" => "No - this is an outright or other sale" },
-  }.freeze
+  def answer_options
+    if form.start_year_after_2024?
+      {
+        "1" => { "value" => "Yes - a shared ownership scheme", "hint" => "When the purchaser buys an initial share of up to 75% of the property value and pays rent to the Private Registered Provider (PRP) on the remaining portion, or a subsequent staircasing transaction" },
+        "2" => { "value" => "Yes - a discounted ownership scheme" },
+        "3" => { "value" => "No - this is an outright or other sale" },
+      }.freeze
+    else
+      {
+        "1" => { "value" => "Yes - a shared ownership scheme" },
+        "2" => { "value" => "Yes - a discounted ownership scheme" },
+        "3" => { "value" => "No - this is an outright or other sale" },
+      }.freeze
+    end
+  end
 end
diff --git a/spec/models/form/sales/questions/ownership_scheme_spec.rb b/spec/models/form/sales/questions/ownership_scheme_spec.rb
index f21baeab3..ec104682b 100644
--- a/spec/models/form/sales/questions/ownership_scheme_spec.rb
+++ b/spec/models/form/sales/questions/ownership_scheme_spec.rb
@@ -6,6 +6,14 @@ RSpec.describe Form::Sales::Questions::OwnershipScheme, type: :model do
   let(:question_id) { nil }
   let(:question_definition) { nil }
   let(:page) { instance_double(Form::Page) }
+  let(:subsection) { instance_double(Form::Subsection) }
+  let(:form) { instance_double(Form) }
+
+  before do
+    allow(form).to receive(:start_year_after_2024?).and_return(false)
+    allow(page).to receive(:subsection).and_return(subsection)
+    allow(subsection).to receive(:form).and_return(form)
+  end
 
   it "has correct page" do
     expect(question.page).to eq(page)
@@ -38,4 +46,18 @@ RSpec.describe Form::Sales::Questions::OwnershipScheme, type: :model do
       "3" => { "value" => "No - this is an outright or other sale" },
     })
   end
+
+  context "with collection year on or after 2024" do
+    before do
+      allow(form).to receive(:start_year_after_2024?).and_return(true)
+    end
+
+    it "has the correct answer_options" do
+      expect(question.answer_options).to eq({
+        "1" => { "value" => "Yes - a shared ownership scheme", "hint" => "When the purchaser buys an initial share of up to 75% of the property value and pays rent to the Private Registered Provider (PRP) on the remaining portion, or a subsequent staircasing transaction" },
+        "2" => { "value" => "Yes - a discounted ownership scheme" },
+        "3" => { "value" => "No - this is an outright or other sale" },
+      })
+    end
+  end
 end