# Land and Buildings Transaction Tax (Scotland) Act 2013, Paragraph 6


The net present value (NPV) of the rent payable over the term of a lease is calculated by applying the following formula—
NPV = ∑ i = 1 n r i ( 1 + T ) iwhere—
r i is the rent payable in respect of year i,
i is the first, second, third etc. year of the term of the lease,
n is the term of the lease, and
T is the temporal discount rate (see paragraph 7).

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Source: https://www.legislation.gov.uk/asp/2013/11/schedule/19/paragraph/6 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-scotland-act-2013/schedule-19/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.