Q&As

Where a developer is selling the freehold of a site for a consideration of cash plus a leaseback of part, is the stamp duty land tax (SDLT) exemption on sale and leaseback applicable?

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Produced in partnership with Mary Ashley of Old Square Tax Chambers
Published on LexisPSL on 07/07/2020

The following Tax Q&A produced in partnership with Mary Ashley of Old Square Tax Chambers provides comprehensive and up to date legal information covering:

  • Where a developer is selling the freehold of a site for a consideration of cash plus a leaseback of part, is the stamp duty land tax (SDLT) exemption on sale and leaseback applicable?

Where a developer is selling the freehold of a site for a consideration of cash plus a leaseback of part, is the stamp duty land tax (SDLT) exemption on sale and leaseback applicable?

Under section 57A of the Finance Act 2003 (FA 2003), the requirements for the sale and leaseback provisions to apply are:

  1. the sale transaction must be entered into wholly or partly in consideration of the leaseback

  2. the

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