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Example 1

A residential lease is granted on 1 June 2018 for consideration consisting only of rent. The net present value of the rent payable is 拢35,350.

As the relevant rental value (拢35,350) does not exceed the residential threshold of 拢125,000, the 0% rate applies to the whole consideration.

No stamp duty land tax (SDLT) is therefore due on this transaction.

For guidance on the notification requirements for cases where no SDLT is due, refer to SDLTM12010.

Example 2

A residential lease is granted on 1 June 2018 for consideration consisting only of rent. The net present value of the rent payable is 拢145,350.

As the relevant rental value of the lease (拢145,350) exceeds the residential threshold of 拢125,000, SDLT is due at a rate of 1% on the excess over 拢125,000.

Example 3

A lease on a shop is granted on 31 March 2018 for consideration consisting only of rent. The net present value of the rent payable is 拢135,350.

As the relevant rental value of the lease (拢135,350) does not exceed the non-residential threshold of 拢150,000, the 0% rate of tax applies to the whole consideration and no SDLT is due on this transaction.

For guidance on the notification requirements for cases where no SDLT is due, refer to SDLTM12010.

Example 4

A lease on a shop is granted on 31 March 2018 for consideration consisting only of rent. The net present value of the rent payable is 拢165,350.

As the relevant rental value of the lease (拢165,350) exceeds the non-residential threshold of 拢150,000, the 1% rate of tax applies to the excess over 拢150,000:

Example 5

A lease on a shop is granted on 31 March 2018 for consideration consisting only of rent. The net present value (NPV) of the rent payable is 拢135,350.

As part of the same deal, the tenant also enters into a lease with the landlord to rent astorage facility for the business. The NPV of the rent payable under this lease is 拢15,650.

Both leases are wholly non-residential.

These leases are linked transactions as they are between the same landlord and tenant and are part of a single scheme, arrangement or series of transactions.

The relevant rental values are therefore aggregated for the purposes of applying the SDLT thresholds: 拢135,350 + 拢15,650 = 拢151,000.

As this exceeds the non-residential threshold of 拢150,000 the 1% rate of tax applies tothe excess over 拢150,000.

Example 6

A lease on a shop is granted on 31 March 2018 for consideration consisting only of rent. The net present value (NPV) of the rent payable is 拢125,350. This lease is wholly non-residential.

As part of the same deal, the tenant also enters into a lease with the landlord to rent the flat above the shop. The NPV of this lease is 拢15,650. This lease is wholly residential.

These leases are linked transactions as they are between the same landlord and tenant and taken out at the same time as part of an arrangement. The relevant rental values are therefore aggregated for the purposes of applying the relevant SDLT threshold: 拢125,350 + 拢15,650 = 拢141,000.

Where a transaction includes a lease or leases which are of mixed use (residential and non- residential), or a series of transactions combines residential and non-residential leases as here, the non-residential threshold applies.

As the aggregate relevant rental value (拢141,000) does not exceed the non-residential threshold of 拢150,000, the 0% rate applies to the whole consideration and no SDLT is due on the linked transactions

For guidance on the notification requirements for cases where no SDLT is due, refer to SDLTM12010.