# The Land Transaction Tax (Transitional Provisions) (Wales) Regulations 2018, Regulation 11: Variation of lease treated as grant of new lease

Extent: E+W

(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.

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Source: https://www.legislation.gov.uk/wsi/2018/126/regulation/11 (the official version)
Page: https://openlegislation.uk/land-transaction-tax-transitional-provisions-wales-regulations-2018/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.