Various parts of the legislation treat an event as if a lease
has been granted for the purposes of stamp duty land tax. In
deciding whether this notional lease is for a fixed or indefinite
term, the considerations discussed at
SDLTM14015 and
SDLTM14045 should be taken into
account, bearing in mind that no actual lease has been granted.
Notional leases are treated as granted under:
FA03/SCH17A/PARA5 - Successive linked leases (refer to
SDLTM17035)
FA03/SCH17A/PARA11 - Assignments treated as new leases (refer
to
SDLTM17060)
FA03/SCH17A/PARA12A - Substantial performance of agreements
for lease (refer to
SDLTM10040).
FA03/SCH17A/PARA13 - Variation of leases so as to increase
rent (refer to
SDLTM15010)
FA03/SCH17A/PARA14 - Abnormal rent increases after fifth year
(refer to
SDLTM13250)
FA03/SCH17A/PARA19 - Provisions relating to leases in
Scotland.
