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HMRC internal manual

Stamp Duty Land Tax Manual

Calculation of stamp duty land tax: Rent: Rate thresholds: Example 3

A lease on a shop is granted for consideration consisting only of rent. The net presentvalue of the rent payable is £135,350.

As the relevant rental value of the lease (£135,350) does not exceed the non-residentialthreshold of £150,000, the 0% rate of tax applies to the whole consideration and no stampduty land tax (SDLT) is due on this transaction.

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