Q&As

A client is going to take an assignment of a lease and then surrender the lease to the landlord in exchange for a grant of a new lease. Will overlap relief be available on a surrender and re-grant of the lease?

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Published on LexisPSL on 26/02/2019

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • A client is going to take an assignment of a lease and then surrender the lease to the landlord in exchange for a grant of a new lease. Will overlap relief be available on a surrender and re-grant of the lease?
  • Assignment of a lease
  • Surrender and re-grant

A client is going to take an assignment of a lease and then surrender the lease to the landlord in exchange for a grant of a new lease. Will overlap relief be available on a surrender and re-grant of the lease?

Assignment of a lease

The assignment of a lease is generally treated in the same way as the transfer of a freehold interest and any payment or premium on the assignment (other than a reverse premium) will be subject to stamp duty land tax (SDLT). The

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