Pursuant to the provisions of the Finance Act 2003 (FA 2003), Stamp Duty Land Tax (SDLT) is charged in respect of land transactions. A land transaction is defined in FA 2003, s 43 as the acquisition of a chargeable interest. For the purposes of FA 2003, a leasehold estate is a chargeable interest. For more detail, see Practice Note: Land transactions, chargeable interests and chargeable transactions. The surrender of a lease is an acquisition of a chargeable interest by the landlord (FA 2003, s 43(3)(b)) and the grant of a lease is an acquisition of a chargeable interest by the tenant. For more details, see Practice Note: SDLT—common lease transactions. FA 2003, Sch 17A, para 16 provides that where a lease is granted in