# Finance (No. 2) Act 2005, Paragraph 13


In paragraph 15A of Schedule 17A (leases: reduction of rent or term)—
(a) after sub-paragraph (1) insert—
“(1A) Where any consideration in money or money's worth (other than an increase in rent) is given by the lessee for any variation of a lease, other than a variation of the amount of the rent or of the term of the lease, the variation is treated for the purposes of this Part as an acquisition of a chargeable interest by the lessee.”, and
(b) for the heading preceding that paragraph substitute “ Reduction of rent or term or other variation of lease ”.

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Source: https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2005/schedule-10/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.