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HMRC internal manual

Stamp Duty Land Tax Manual

Chargeable Consideration: ' Premium' payments for lease: Reverse premiums

A reverse premium is defined as:

* A premium paid by a landlord to a tenant in relation to the grant of a lease, or
* A premium paid by the assignor to the assignee in relation to the assignation of a lease, or
* A premium paid by the tenant to the landlord in relation to the renunciation/surrender of a lease.

Such payments do not count as chargeable consideration for the purposes of stamp duty land tax.

See FA03/SCH17A/PARA18 for the definition of reverse premium.