SCHEDULES

C1SCHEDULE 13 Stamp duty: instruments chargeable and rates of duty

Annotations:
Modifications etc. (not altering text)
C1

Sch. 13 restricted (10.7.2003) by Finance Act 2003 (c. 14), s. 125(1) (with s. 125(8))

Part III Other instruments

Instrument increasing rent

20

1

An instrument (not itself a lease)—

a

by which it is agreed that the rent reserved by a lease should be increased, or

b

which confirms or records any such agreement made otherwise than in writing,

is chargeable with the same duty as if it were a lease in consideration of the additional rent made payable by it.

2

Sub-paragraph (1) does not apply to an instrument giving effect to provision in the lease for periodic review of the rent reserved by it.