# Finance Act 2003, Paragraph 17


In the case of an assignment 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 assignment.

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/17 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-17A/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.