Finance Act 2003
27(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)”.
(9)In paragraph 14 (increase of rent treated as grant of new lease: abnormal increase after fifth year), in sub-paragraph (7)(b) omit “or 19(3)”.
(10)Omit paragraph 19 (provisions relating to leases in Scotland).