SCHEDULES

SCHEDULE 13Stamp duty: instruments chargeable and rates of duty

Part IIIOther 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.