# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 18


(1) Where a lease is granted in consideration of the renunciation of an existing lease between the same parties—
(a) the grant of the new lease does not count as chargeable consideration for the renunciation, and
(b) the renunciation does not count as chargeable consideration for the grant of the new lease.
(2) Paragraph 5 (exchanges) of schedule 2 (chargeable consideration) does not apply in such a case.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/19/paragraph/18 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-19/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.