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HMRC internal manual

Stamp Duty Land Tax Manual

Notification: Grant of a lease: Example 2

A 1 year residential shorthold tenancy is granted for a rent of £600 per month on 1 July2005. This lease is not notifiable, as:

  • it is for a term of less than seven years, and
  • tax is not chargeable at a rate of 1% or more on the consideration.