121(1)  This section applies where a lease is granted to a company (“A”) and–

(a)the person granting the lease (“B”) is connected with A; or

(b)some or all of the consideration for the grant of the lease consists of the issue or transfer of shares in a company with which B is connected.

121(2)  Subsection (3) has effect for the purposes of stamp duty chargeable under Part II of Schedule 13 to the Finance Act 1999 (stamp duty on a lease) by reference to Part I of that Schedule (transfer on sale).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.