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HMRC internal manual

Stamp Duty Land Tax Manual

HM Revenue & Customs
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Chargeable Consideration: Premium payments for lease: Reverse premiums

A reverse premium is defined as:

  • A premium paid by a landlord to a tenant in relation to the grant of a lease, or
  • A premium paid by the assignor to the assignee in relation to the assignment of a lease, or
  • A premium paid by the tenant to the landlord in relation to the surrender of a lease.

Such payments do not count as chargeable consideration for the purposes of stamp duty land tax.

Refer to FA03/SCH17A/PARA18 for the definition of reverse premiums.