Term of a lease: Leases for an indefinite term: Initial treatment
If there were to be a lease for an indefinite term, it would be treated initially for the purposes of stamp duty land tax (SDLT) as being for a fixed term of one year, under the provisions of FA03/SCH17A/PARA4(1)(a). This is regardless of any other provision treating the lease as being for any other term.
Therefore notification of such a lease will only be required initially if there is SDLT to pay on either or both of the rent and other consideration - for details see SDLTM18210. Where a lease for an indefinite term continues beyond the initial notional one-year term, see SDLTM18730 for the SDLT treatment.