Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

SCHEDULE 19 Leases

PART 5 Chargeable consideration: rent and consideration other than rent

Assignation of lease: assumption of obligations by assignee

16 In the case of an assignation of a lease the assumption by the assignee of the obligation—

(a) to pay rent, or

(b) to perform or observe any other undertaking of the tenant under the lease,

does not count as chargeable consideration for the assignation.