Regulation 11 Variation of lease treated as grant of new lease
England and Wales
(1)
This regulation applies to a lease granted prior to the commencement date (to which the provisions of Schedule 17A to the FA 2003 apply) where there is a variation of the lease on or 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 regulation applies, for the purposes of paragraph 25 of Schedule 6 to the LTT Act—
(a)
the variation of the lease is treated as the grant of a lease; and
(b)
the chargeable consideration (other than in respect of any consideration other than rent) is the additional rent.