# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 4


The amount of tax chargeable on so much of the chargeable consideration as consists of rent is to be determined as follows.
Step 1 Calculate the net present value (NPV) of the rent payable over the term of the lease (see paragraph 6).
Step 2 For each tax band, multiply so much of the NPV as falls within the band by the tax rate for that band.
Step 3 Calculate the sum of the amounts reached under Step 2. The result is the amount of tax chargeable in respect of rent.

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/19/paragraph/4 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-19/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.