Q&As

A tenant is proposing to take an assignment of a pre-2003 lease. On completion the lease will be varied to bring in a higher rent. Given the lease fell under the old stamp duty regime how is the increase in rent treated for SDLT purposes?

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Produced in partnership with Sean Randall of Blick Rothenberg
Published on LexisPSL on 01/03/2019

The following Tax Q&A produced in partnership with Sean Randall of Blick Rothenberg provides comprehensive and up to date legal information covering:

  • A tenant is proposing to take an assignment of a pre-2003 lease. On completion the lease will be varied to bring in a higher rent. Given the lease fell under the old stamp duty regime how is the increase in rent treated for SDLT purposes?

A tenant is proposing to take an assignment of a pre-2003 lease. On completion the lease will be varied to bring in a higher rent. Given the lease fell under the old stamp duty regime how is the increase in rent treated for SDLT purposes?

In principle, the variation of a (stamp duty) lease will be a stamp duty land tax (SDLT) transaction. This is on the basis that the effective date of the transaction is after the implementation date for SDLT, 1 December 2003, and is not pursuant to a

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