Where the residue of the term of a lease or the reversion to the lease is assigned or conveyed, a charge to VAT may arise in certain circumstances1. An apportionment of rent between the assignee and the assignor does not, however, give rise to a charge to VAT2.
For the purposes of stamp duty land tax, in the case of an assignment of a lease the assumption by the assignee of the obligation to pay rent, or to perform or observe any other undertaking of the tenant under the lease, does not count as chargeable consideration for the assignment3. Nor
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234