# The Land and Buildings Transaction Tax (Transitional Provisions) (Scotland) Order 2014, Article 12: Variation of lease treated as grant of new lease

Extent: S

(1) This article applies to a lease granted prior to the commencement date (to which the provisions of Schedule 17A to the 2003 Act apply) where there is a variation of the lease after the commencement date to increase the amount of rent, which, if it had been before that date, would have been a variation to which paragraph 13(1) of that Schedule would have applied.
(2) Where this article applies—
(a) the variation of a lease referred to in paragraph (1) shall be treated as the grant of a lease; and
(b) the chargeable consideration (other than in respect of any premium) shall be the additional rent.

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Source: https://www.legislation.gov.uk/ssi/2014/377/article/12 (the official version)
Page: https://openlegislation.uk/land-and-buildings-transaction-tax-transitional-provisions-scotland-order-2014/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.