Introduction: Scope of stamp duty land tax on leases
Stamp duty land tax (SDLT) may be charged on the grant of a new lease, or transactions treated as such, whose effective date is on or after 1 December 2003. SDLT on the grant of a lease is payable by the tenant.
Leases predating SDLT may instead be chargeable to stamp duty.
SDLT is chargeable on both the premium (sometimes referred to as a grassum in Scotland) and rental elements of consideration for the grant of a new lease, with the respective charges calculated separately then added together and entered onto the land transaction return as a global figure.
SDLTM18045 for definition of premium
SDLTM18010 for definition of rent
SDLTM18410 for the calculation of SDLT on lease premiums
SDLTM18015 for the calculation of SDLT on rents
SDLTM19030 onwards for extensions and variations
SDLTM18205 re: effective date
SDLTM17625 for treatment of pre-implementation leases
SDLTM19675 for assignations