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HMRC internal manual

Stamp Duty Land Tax Manual

HM Revenue & Customs
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Scope: How much is chargeable: Annuities as consideration: General FA03/S52

Where the chargeable consideration for a land transaction is in the form of an annuity, which is

  • payable for life
  • in perpetuity
  • for an indefinite period
  • for a period which exceeds twelve years

the chargeable consideration will be taken to be a one-off payment comprising twelve year’s payments.

Where the payments vary, the twelve highest payments will be taken into account and Stamp Duty Land Tax (SDLT) will accordingly be payable as a single payment.

This does not apply where the variation relates only to inflation.