SCHEDULES

SCHEDULE 25Stamp duty land tax: amendments of Schedule 17A to FA 2003

Commencement

9

1

Paragraph 2 has effect in relation to any lease granted or treated as granted on or after commencement day.

2

Paragraph 3 has effect in relation to any case where—

a

the grant of the old lease was chargeable to stamp duty land tax, and

b

the new lease is granted on or after commencement day.

“The old lease” and “the new lease” mean the leases referred to in sub-paragraphs (1)(a) and (1)(b), respectively, of paragraph 9A of Schedule 17A to FA 2003 (inserted by paragraph 3).

3

Paragraphs 4 and 5 have effect in relation to any agreement that is substantially performed on or after commencement day.

4

Paragraph 6 has effect in relation to any variation of a lease made on or after commencement day.

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6

In this paragraph “commencement day” means the day on which this Act is passed.