SCHEDULES
SCHEDULE 3Scottish tax on land transactions: consequential amendments
Part 1Disapplication of stamp duty land tax to Scotland
Finance Act 2003
I127
1
Schedule 17A (further provision relating to leases) is amended as follows.
2
In paragraph 1 (meaning of “lease”) for “In the application of this Part to England and Wales or Northern Ireland” substitute “
In this Part
”
.
3
In paragraph 4 (leases for indefinite term), in sub-paragraph (5)(b) omit “in England and Wales or Northern Ireland”.
4
In paragraph 7 (variable or uncertain rent), omit sub-paragraph (4A)(c) and (d).
5
In paragraph 10 (tenants' obligations etc that do not count as chargeable consideration), in sub-paragraph (1)(a) omit “(in Scotland, the leased premises)”.
6
In paragraph 12A(1) (agreement for lease) omit “in England and Wales or Northern Ireland”.
7
In paragraph 12B(1) (assignment of agreement for lease) omit “in England and Wales or Northern Ireland”.
8
In paragraph 13 (increase of rent treated as grant of new lease: variation of lease in first five years), in sub-paragraph (2)(b) for “any of paragraphs (a) to (d)” substitute “
paragraph (a) or (b)
”
.
F19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Omit paragraph 19 (provisions relating to leases in Scotland).