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HMRC internal manual

Stamp Duty Land Tax Manual

Calculation of stamp duty land tax: Rent: Rent thresholds: Example 1

A residential lease is granted for consideration consisting only of rent. The net present value of the rent payable is £35,350.

As the relevant rental value (£35,350) does not exceed the residential threshold of £175,000 which applies until 31 December 2009, the 0% rate applies to the whole consideration.

No stamp duty land tax (SDLT) is therefore due on this transaction.

For guidance on the notification requirements for cases where no SDLT is due, see SDLTM18210.