Paragraph 12 Finance Act 2003I1

in Schedule 4 (stamp duty land tax: chargeable consideration), for paragraph 16C substitute—

“16C

The following do not count as chargeable consideration—

(a)

costs borne by the purchaser under section 9(4) of the Leasehold Reform Act 1967, where it applies by virtue of section 7A of that Act;

(b)

any amount payable by the purchaser under section 19C of the Leasehold Reform Act 1967;

(c)

any amount payable by the purchaser under section 89C or 89D of the Leasehold Reform, Housing and Urban Development Act 1993.”;

in Schedule 17A (leases: further provision), in paragraph 10 (tenants’ obligations etc that do not count as chargeable consideration), for sub-paragraph (1)(f) substitute—

“(f)

any liability of the tenant for costs under section 14(2) of the Leasehold Reform Act 1967, where it applies by virtue of section 32(5) of that Act;

(fa)

any amount payable by the tenant under section 19C of the Leasehold Reform Act 1967 or section 89F of the Leasehold Reform, Housing and Urban Development Act 1993;”.