This section has no associated Explanatory Notes
14 (1)In the case of the grant, assignation or renunciation of a lease a reverse premium does not count as chargeable consideration.S
(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 assignation of a lease, a premium moving from the assignor to the assignee,
(c)in relation to the renunciation of a lease, a premium moving from the tenant to the landlord.
Commencement Information
I1 Sch. 19 para. 14 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2