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Finance (No. 2) Act 2005

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Changes over time for: Paragraph 13

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There are currently no known outstanding effects for the Finance (No. 2) Act 2005, Paragraph 13. Help about Changes to Legislation

13U.K.In paragraph 15A of Schedule 17A (leases: reduction of rent or term)—

(a)after sub-paragraph (1) insert—

(1A)Where any consideration in money or money's worth (other than an increase in rent) is given by the lessee for any variation of a lease, other than a variation of the amount of the rent or of the term of the lease, the variation is treated for the purposes of this Part as an acquisition of a chargeable interest by the lessee., and

(b)for the heading preceding that paragraph substitute “ Reduction of rent or term or other variation of lease ”.

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