Q&As

Does a deed of variation to increase the rent for the remainder of the term of a lease result in additional SDLT becoming payable?

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Published on LexisPSL on 06/04/2016

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

  • Does a deed of variation to increase the rent for the remainder of the term of a lease result in additional SDLT becoming payable?

Does a deed of variation to increase the rent for the remainder of the term of a lease result in additional SDLT becoming payable?

Practice Note SDLT—common lease transactions—Variation of a lease explains that the variation of a lease is the acquisition and/or disposal of a chargeable interest (and therefore potentially subject to SDLT) only in the following circumstances:

  1. it takes effect or is treated under the SDLT rules as the grant of a new lease

  2. the lease is varied to reduce the amount of rent, in which case there is an

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