PART 6Application of Act to leases and licences
Leases
52Application of this Act to leases
1
Schedule 19 makes provision about the application of this Act to chargeable transactions involving leases, including provision for the calculation of the tax chargeable in relation to such transactions.
2
The Scottish Ministers may, by regulations, modify schedule 19.
Licences
53Application of this Act to licences
1
The Scottish Ministers may, by regulations, prescribe descriptions of non-residential licences to occupy property, transactions in relation to which are to be land transactions for the purposes of this Act.
2
The regulations may also make provision, among other things—
a
for transactions, which result in the acquisition of interests in licences, to be land transactions,
b
for what the chargeable consideration is to be in relation to a licence,
c
for the determination of the amount or value of that chargeable consideration,
d
for the calculation of the tax chargeable,
e
specifying that certain land transactions relating to a licence are not to be notifiable under section 30.
3
Regulations under this section may modify any enactment (including this Act).