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HMRC internal manual

Stamp Duty Land Tax Manual

HM Revenue & Customs
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Calculation of stamp duty land tax: Rent: Rate thresholds: Example 4

A lease on a shop is granted for consideration consisting only of rent. The net presentvalue of the rent payable is £165,350.

As the relevant rental value of the lease (£165,350) exceeds the non-residentialthreshold of £150,000, the 1% rate of tax applies to the excess over £150,000:

£165,350 – £150,000 = £15,350

x 1% = £153.00 stamp duty land tax due, rounded down to the nearest pound.