Regulation 2 Interpretation

In these Regulations—

• “lease of land” has the same meaning as in Part 2 of Schedule 13 to the Finance Act 1999^f1;

• “qualifying premium”, in relation to a lease of land, means the consideration in respect of which, under paragraph 12(2) of Schedule 13 to the Finance Act 1999, the duty is the same as that on a conveyance on sale for the same consideration;

• “section 92(1)” means section 92(1) of the Finance Act 2001 (exemption from stamp duty in a disadvantaged area)^f2;

• “Schedule 30” means Schedule 30 to the Finance Act 2001 (stamp duty; exemption for land in disadvantaged areas).