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What is the SDLT on My Renewal Lease?

Renewing a lease is one of the commonest land transactions but is far from straightforward. Christopher Cox tax partner at Beachcroft Wansbroughs Solicitors takes a look
Tax and property practitioners who have grappled with the SDLT liability of renewal leases will be familiar with feeling lost in a labyrinth. This article tries to help.
The term 'renewal lease' is not used in the Finance Act 2003 and it does not have an exact or technical meaning in either tax law or land law. But what we are looking at is the case where a tenant has or has had a lease of property which expires. He is now granted a fresh lease of that property or substantially the same property. This might be by exercising an express...
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