SDLT chargeable consideration—leases
SDLT chargeable consideration—leases

The following Tax practice note provides comprehensive and up to date legal information covering:

  • SDLT chargeable consideration—leases
  • Rent as chargeable consideration
  • Tenant obligations
  • Service charges
  • How to calculate SDLT on rent
  • Net present value (NPV)
  • Variable or uncertain rent
  • Rent reviews
  • Abnormal rent increases
  • How to determine the term of a lease
  • More...

The amount of stamp duty land tax (SDLT) payable on a chargeable transaction is determined by reference to the 'chargeable consideration' for the transaction. This Practice Note looks at the general meaning of chargeable consideration in the context of lease transactions. This includes how SDLT is calculated in relation to rent, lease premiums and deposits. For details of how SDLT is calculated in relation to specific lease transactions including linked leases, surrender and regrant and variations, see Practice Note: SDLT—common lease transactions.

SDLT ceased to apply to any land transaction involving any interests in or over land in Scotland from 1 April 2015. From that date, land and buildings transaction tax (LBTT) applies to such transactions, subject to transitional provisions. Consequently, references in this Practice Note to 'UK land' or similar expressions in the context of the application of SDLT should be read to exclude any interests in or over land in Scotland from 1 April 2015. For further details, see the LBTT subtopic.

SDLT ceased to apply to any land transaction involving any interest in or over land in Wales from 1 April 2018. From that date, land transaction tax (LTT) applies to such transactions, subject to transitional provisions. Consequently, references in this Practice Note to 'UK land' or similar expressions in the context of the application of SDLT should be read to exclude any

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