Calculation of stamp duty land tax: Rent: Rate thresholds: Example 2
A residential lease is granted on 1 June 2008 for consideration consisting only of rent. The net present value of the rent payable is £145,350.
As the relevant rental value of the lease (£145,350) exceeds the residential threshold of £125,000, stamp duty land tax (SDLT) is due at a rate of 1% on the excess over £125,000:
£145,350 – £125,000 = £20,350
x 1% = £203.00 SDLT due, rounded down to the nearest pound.