SDLT—common lease transactions

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

  • SDLT—common lease transactions
  • Grant of a lease
  • Linked leases
  • Surrender and re-grant of a lease
  • Agreement for lease
  • Assignment of an agreement for lease
  • Reverse premium
  • Assignment of a lease
  • Variation of a lease
  • Surrender of a lease
  • More...

SDLT—common lease transactions

This Practice Note provides an overview of the stamp duty land tax (SDLT) treatment of the following common lease transactions:

  1. grant of a lease

  2. linked leases

  3. surrender and re-grant of a lease

  4. agreement for lease

  5. assignment of an agreement for lease

  6. reverse premium

  7. assignment of a lease

  8. variation of a lease

  9. surrender of a lease

  10. lease to a bare trustee or nominee, and

  11. reversionary lease

For information on when SDLT applies generally, see Practice Note: Land transactions, chargeable interests and chargeable transactions and for details of how to calculate SDLT payable on lease transactions, see Practice Note: SDLT chargeable consideration—leases.

This Practice Note does not cover leases and holding over. For more on this topic, see Practice Note: SDLT and holding over.

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

Popular documents