# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 7


A lease—
(a) is granted “at a premium” if there is consideration other than rent, and
(b) is a “low-rental” lease if the annual rent (if any) is less than £1,000 a year.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/13/paragraph/7 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-13/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.