Land and Buildings Transaction Tax (Scotland) Act 2013

Assignation of lease: assumption of obligations by assignee

This section has no associated Explanatory Notes

16In 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.