SCHEDULE 6 E+W LEASES

PART 5 E+W CALCULATION OF TAX CHARGEABLE

Tax chargeable in respect of consideration other than rent: no zero rate band for non-residential leases E+W

34 (1) This paragraph applies in the case of an acquisition of a non-residential lease where— E+W

(a) there is chargeable consideration other than rent, and

(b) section 27 (amount of tax chargeable: transactions which are not linked) or 28 (amount of tax chargeable: linked transactions) applies to the acquisition.

(2) If the relevant rent is at least the specified amount, the zero rate band does not apply in relation to the consideration other than rent and, accordingly, any case which would have fallen within that band is treated as falling within the next tax band.

Commencement Information

I1 Sch. 6 para. 34 in force at 1.4.2018 by S.I. 2018/34, art. 3