SCHEDULES
SCHEDULE 13 Stamp duty: instruments chargeable and rates of duty
C2C3Part II Lease
Sch. 13 Pt. II modified (retrospective to 28.3.2000 and with effect as mentioned in s. 121(10)(11) of the amending Act) by 2000 c. 17, s. 121(2)(10)-(12)
Sch. 13 Pt. II amended (11.5.2001 with effect as mentioned in s. 92(8) of the amending Act) by 2001 c. 9, s. 92, Sch. 30 para. 1(1); S.I. 2001/3748, art. 2
Sch. 13 Pt. II excluded (11.5.2001 with effect as mentioned in s. 92(8) of the amending Act) by 2001 c. 9, s. 92(1); S.I. 2001/3748, art. 2
Agreement for a lease charged as a lease
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1
An agreement for a lease is chargeable with the same duty as if it were an actual lease made for the term and consideration mentioned in the agreement.
2
Where duty has been duly paid on an agreement for a lease and subsequent to that agreement a lease is granted which either—
a
is in conformity with the agreement, or
b
relates to substantially the same property and term as the agreement,
the duty which would otherwise be charged on the lease is reduced by the amount of the duty paid on the agreement.
3
Sub-paragraph (1) does not apply to missives of let in Scotland that constitute an actual lease.
Subject to that, references in this paragraph to an agreement for a lease include missives of let in Scotland.
Sch. 13 Pt. II excluded (28.7.2000 with effect as mentioned in s. 130(10) of the amending Act) by 2000 c. 17, s. 130(1)(10)