Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Stamp Duty Land Tax Manual

Notification: Grant of a lease: Example 6

A residential 25-year lease is granted for rent of one peppercorn per annum.

Although the lease is for more than 7 years, there is no chargeable consideration (although a peppercorn is consideration, it is not considered chargeable consideration for the purposes of stamp duty land tax – refer to SDLTM11010).

Notification is therefore not required.