Section 50 Agreements for not more than 35 years charged as leases
|
Sign up to access full section commentary and legislation back years
subscription or 30 day access with no obligation
An agreement for a lease or with respect to the letting of any lands, tenements, or heritable subjects for any term not exceeding 35 years, or for any indefinite term, is to be charged with the same duty as if it were an actual lease or tack made for the term and consideration mentioned in the agreement.
When is an agreement to lease charged to stamp duty as though it was the lease itself?
An agreement to lease a property for a term of less than 35 years (or for an indefinite term) is to be charged with stamp duty on the basis of the term and consideration mentioned in the lease agreement....
to read the full commentary
