SDLTM13200 - Calculation of Stamp Duty Land Tax (SDLT): Rent: Variable or uncertain rent: Example 1
A lease is granted on 1 January 2018 for five years at a rent of £150,000 per annum rising to £175,000 on 1 January 2020
The rent payable for each of the five years is to be taken into account in computing the net present value is as follows
| Year 1 | £150,000 |
|---|---|
| Year 2 | £150,000 |
| Year 3 | £175,000 |
| Year 4 | £175,000 |
| Year 5 | £175,000 |
There is no need to revisit the calculation as the actual rent payable in each of the first five years is known from the outset.