# Finance Act 2004, Paragraph 2


In section 43 (land transactions)—
(a) in paragraph (c) of subsection (3) (variation of chargeable interest), after “interest” insert “ (other than a lease) ”;
(b) after that paragraph insert—
“(d) the variation of a lease is an acquisition and disposal of a chargeable interest only where it takes effect, or is treated for the purposes of this Part, as the grant of a new lease.”.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-39/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.