Section 116(2)

INTRODUCTORY

1  In this Schedule–

additional duty” , in relation to an instrument, means additional stamp duty chargeable on the instrument as a result of section 116;

the appropriate amount of duty” , in relation to an instrument, means the stamp duty that would have been chargeable on the instrument if section 116 had been in force when it was executed; and

the commencement date”  means 28th March 2000.

INSTRUMENTS TO WHICH THIS SCHEDULE APPLIES

2  The instruments to which this Schedule applies are–

(a)leases of land for a term of seven years, and

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