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15(1)In the case of the grant, assignment or surrender of a lease a reverse premium does not count as chargeable consideration.E+W
(2)A “ ” means—
(a)in relation to the grant of a lease, a premium moving from the landlord to the tenant;
(b)in relation to the assignment of a lease, a premium moving from the assignor to the assignee;
(c)in relation to the surrender of a lease, a premium moving from the tenant to the landlord.
Commencement Information
I1Sch. 6 para. 15 in force at 1.4.2018 by S.I. 2018/34, art. 3