Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Stamp Duty Land Tax Manual

HM Revenue & Customs
, see all updates

Calculation of stamp duty land tax: Rent: Variable or uncertain rent: Example 1

A lease is granted on 1 January 2009 for five years at a rent of £150,000 per annum rising to £175,000 on 1 January 2011

The rent payable for each of the five years to be taken into account in computing the net present value is as follows:

Year 1 £150,000
Year 2 £150,000
Year 3 £175,000
Year 4 £175,000
Year 5 £175,000

There is no need to review the calculation as the actual rent payable in each of the first five years is known from the outset.