In paragraph 13 (increase of rent treated as grant of new lease: variation of
lease in first five years), in sub-paragraph (2)(b) for “any of paragraphs (a) to
(d)” substitute “paragraph (a) or (b)”.
In paragraph 14 (increase of rent treated as grant of new lease: abnormal
increase after fifth year), in sub-paragraph (7)(b) omit “or 19(3)”.
Omit paragraph 19 (provisions relating to leases in Scotland).
In section 298 of the Finance Act 2004 (stamp duty land tax: notification etc),
In Schedule 25 to the Finance Act 2006 (amendments of Schedule 17A to
Finance Act 2003), omit paragraph 5.
Information regarding Scottish land transactions
In this Part of this Schedule—
“HMRC” means Her Majesty’s Revenue and Customs;
a member of the Scottish Government, and
the holder of an office in the Scottish Administration which is
not a ministerial office (within the meaning of section 126(8)
“relevant information” means information corresponding to any of the
particulars which would be required under Schedule 2 to the Finance
Act 1931, but for section 28(3)(c) of that Act;
“Scottish transaction” means the acquisition of—
an estate, interest, right or power in or over land in Scotland,
the benefit of an obligation, restriction or condition affecting
the value of any such estate, interest, right or power.
An office-holder must provide to HMRC such of the information falling
within sub-paragraph (2) as HMRC may require.
Information falls within this sub-paragraph if it is relevant information
regarding Scottish transactions and is in the possession or under the control
Information is to be provided under sub-paragraph (1) in such form as
HMRC may reasonably specify.
Information acquired by HMRC under paragraph 4 is to be treated, for the
purposes of the Commissioners for Revenue and Customs Act 2005, as
acquired in connection with a function of theirs.