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

HMRC internal manual

Stamp Duty Land Tax Manual

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.