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 5

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

As part of the same deal, the tenant also enters into a lease with the landlord to rent astorage facility for the business. The NPV of the rent payable under this lease is£15,650.

Both leases are wholly non-residential.

These leases are linked transactions as they are between the same landlord and tenant andare part of a single scheme, arrangement or series of transactions.

The relevant rental values are therefore aggregated for the purposes of applying the stampduty land tax (SDLT) thresholds: £135,350 + £15,650 = £151,000.

As this exceeds the non-residential threshold of £150,000 the 1% rate of tax applies tothe excess over £150,000, i.e.:

£151,000 - £150,000 = £1,000

x 1% = £10.00 SDLT due.