SCHEDULES

SCHEDULE 10Stamp duty land tax: miscellaneous amendments

Part 1Amendments coming into force in accordance with paragraph 16

Variation of lease

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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 ”.