GOV.UK
Miscellaneous Provisions: Linked leases: Successive: Calculation
Transactions are defined (at FA03/S108) as ‘linked’ for the purposes of stamp duty land tax (SDLT) if they form:
- a single scheme or arrangement, or
- a series of transactions
between the same parties (or connected persons).
Where two or more leases are linked as a series (‘successive’ linked leases), the legislation at FA03/SCH17A/PARA5 treats the series as though it were a single lease and sets out the method of calculating SDLT.
Refer to SDLTM17035 for details of what constitutes successive linked leases.
SDLT is calculated under FA03/SCH17A/PARA5 as though the series of leases were one lease:
- granted at the time the first lease in the series was granted
- for a term equal to the aggregate of terms of all the leases in the series, and
- in consideration of the rent payable under all of the leases in the series.