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.