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HMRC internal manual

Stamp Duty Land Tax Manual

From
HM Revenue & Customs
Updated
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Scope: What is chargeable: Land transactions: Is notification required?

By virtue of FA03/S77 & S77A a transaction other than the grant, surrender or assignment of a leases where the total consideration is less than £40,000 is not notifiable.

The grant of a lease is not notifiable if

  • the term of the lease is less than seven years
  • there is no tax to pay on either the premium or the rental element
  • no relief or exemption is being claimed.

The assignment of a lease is not notifiable if

  • the term of the lease when granted was less than seven years
  • there is no tax to pay on the consideration given.
  • no relief or exemption is being claimed
  • no relief was claimed on first grant of the lease.

Transactions where there is no chargeable consideration may nevertheless be acquisitions of a major interest in land. See examples at SDLTM00330a.