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HMRC internal manual

Stamp Duty Land Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

Scope: How much is chargeable: Non-cash consideration: Receipt of a reverse premium FA03/SCH17A/PARA18

On the grant, assignment or surrender of a lease a reverse premium does not count as chargeable consideration.

A reverse premium means

  • in relation to the grant of a lease, a premium moving from the landlord to the tenant
  • in relation to the assignment of a lease, a premium moving from the assignor to the assignee
  • in relation to the surrender of a lease, a premium moving from the tenant to the landlord.