PART 6Application of Act to leases and licences

Licences

I153Application of this Act to licences

1

The Scottish Ministers may, by regulations, prescribe descriptions of non-residential licences to occupy property, transactions in relation to which are to be land transactions for the purposes of this Act.

2

The regulations may also make provision, among other things—

a

for transactions, which result in the acquisition of interests in licences, to be land transactions,

b

for what the chargeable consideration is to be in relation to a licence,

c

for the determination of the amount or value of that chargeable consideration,

d

for the calculation of the tax chargeable,

e

specifying that certain land transactions relating to a licence are not to be notifiable under section 30.

3

Regulations under this section may modify any enactment (including this Act).