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HMRC internal manual

Stamp Duty Land Tax Manual

From
HM Revenue & Customs
Updated
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Special provisions relating to partnerships: Transfers of a chargeable interest to a partnership

As above, but the market value premium is £350,000 and the NPV is calculated at £300,000

The consideration chargeable on this transfer is calculated as follows:

  1. The market value of the premium x (100 - SLP) %: that is
  2. 350,000 x (100 - 40) % = 210,000
  3. The relevant chargeable proportion of the net present value of the rents: that is
  4. 300,000 x (100 - 40) % = 180,000
  5. £2,400 SDLT is due on this transaction, £2,100 in respect of the premium and £300 in respect of the rents.

This is made up of £210,000 @ 1% in respect of the premium (as the consideration is over the threshold the full amount is charged) plus £180,000 - £150,000 (current rent threshold) = £30,000 @ 1% in respect of the rental element.