Q&As

A landlord and tenant have agreed a reduced rent in consideration of the tenant carrying out a costed schedule of works. The obligation is in the lease—for SDLT purposes, is the chargeable consideration inclusive of the cost of the works?

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Published by a LexisNexis Tax expert
Published on: 19 January 2017
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The amount of stamp duty land tax (SDLT) payable on a chargeable transaction is determined by reference to the 'chargeable consideration' for the transaction. Chargeable consideration has a particular meaning for SDLT purposes and is defined largely in section 50 and Schedule 4 to the Finance Act 2003 (FA 2003). For more detail see Practice Note: SDLT chargeable consideration.

On the grant of a lease, SDLT will be payable on the net present value (NPV) of the rents payable under the lease plus any premium payable on grant of

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