Leigh Sayliss Assistant Solicitor at Stephenson Harwood explores the effect of the Finance Bill on the SDLT payable on the grant of a lease
Under stamp duty a tenant entering into a lease-related agreement was required to pay any stamp duty payable within 30 days of doing so. The assessment of stamp duty took a fairly broad look at any premium paid the level of rent and the term of the lease. Once paid the relevant document was stamped and that was the end of the matter. The only real exception to the above was in the case of 'ascertainable but not yet ascertained' consideration where the stamp duty due would only be known once the consideration was ascertained.
Under SDLT matters are far more complex than under...
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Leigh Sayliss Assistant Solicitor at Stephenson Harwood explores the effect of the Finance Bill on the SDLT payable on the grant of a lease
Under stamp duty a tenant entering into a lease-related agreement was required to pay any stamp duty payable within 30 days of doing so. The assessment of stamp duty took a fairly broad look at any premium paid the level of rent and the term of the lease. Once paid the relevant document was stamped and that was the end of the matter. The only real exception to the above was in the case of 'ascertainable but not yet ascertained' consideration where the stamp duty due would only be known once the consideration was ascertained.
Under SDLT matters are far more complex than under...
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