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HMRC internal manual

Stamp Duty Land Tax Manual

From
HM Revenue & Customs
Updated
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Calculation of stamp duty land tax: Rent: Rate thresholds: Example 1

A residential lease is granted on 1 June 2008 for consideration consisting only of rent. The net present value of the rent payable is £35,350.

As the relevant rental value (£35,350) does not exceed the residential threshold of £125,000, the 0% rate applies to the whole consideration.

No stamp duty land tax (SDLT) is therefore due on this transaction.

For guidance on the notification requirements for cases where no SDLT is due, refer to SDLTM12010.