# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 14


(1) In the case of the grant, assignation or renunciation of a lease a reverse premium does not count as chargeable consideration.
(2) A “ reverse premium ” means—
(a) in relation to the grant of a lease, a premium moving from the landlord to the tenant,
(b) in relation to the assignation of a lease, a premium moving from the assignor to the assignee,
(c) in relation to the renunciation of a lease, a premium moving from the tenant to the landlord.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/19/paragraph/14 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-19/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.