LBTT6027 - Responsibility of assignee

LBTT guidance on the LBTT responsibilities which an assignee assumes when a lease is assigned.

Where a lease is assigned, then after the effective date of the assignation the assignee assumes the assignor’s duties in relation to LBTT. The relevant provisions of the LBTT(S)A 2013 which apply to the assignee are the requirements to submit an LBTT return (or further LBTT return):

Anything that was done by the assignor in relation to the lease is to be treated as if it was done by the assignee. See LBTT6017 for guidance on the review of a lease which was originally notified to us and is later assigned or terminated.

This rule does not apply if the assignation of the lease is treated as the grant of a lease (see LBTT6026).

LBTT(S)A 2013 schedule 19 paragraph 28

Ref ID: 
LBTT6027
Archive Date: 
9 March 2015
Last updated: 
9 March 2015
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