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.