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HMRC internal manual

Stamp Duty Land Tax Manual

Notification: Grant of a lease: Example 2

A 1 year residential short assured tenancy, granted for a rent of £1,000 per month, is executed on 1 July 2009. This lease is not notifiable, as:

* it is for a term of less than seven years, and
* tax is not chargeable at a rate of 1% or more on the consideration.