Q&As

Will there be a surrender and regrant of a lease and a charge to SDLT where a deed of variation is entered into to rectify the address and plan of the property?

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Published on LexisPSL on 04/01/2018

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

  • Will there be a surrender and regrant of a lease and a charge to SDLT where a deed of variation is entered into to rectify the address and plan of the property?

Will there be a surrender and regrant of a lease and a charge to SDLT where a deed of variation is entered into to rectify the address and plan of the property?

The variation of a lease is the acquisition and/or disposal of a chargeable interest 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 acquisition of a chargeable

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