Q&As

Are any reliefs from stamp duty land tax available where a lease is assigned to a connected company?

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Published on LexisPSL on 18/04/2018

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

  • Are any reliefs from stamp duty land tax available where a lease is assigned to a connected company?

Are any reliefs from stamp duty land tax available where a lease is assigned to a connected company?

When a company acquires property from a connected person stamp duty land tax (SDLT) is generally charged by reference to the market value of the property acquired (rather than the chargeable consideration) unless an exception or a relief applies.

Where there is:

  1. a land transaction between a vendor and a purchaser which is a company

  2. the vendor and purchaser are connected (connected for these purposes is set out in section 1122 of the Corporation Tax Act 2010 (CTA 2010)), or

  3. all or part of the consideration for the land transaction is the issue or transfer of shares

The chargeable consideration for the transaction will be not less than the market value of the subject matter of the

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