SDLTM06010 - 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.