Commercial Property - Stamp Duty Land Tax

For all commercial property transactions involving the purchase or the lease of land a SDLT must be made to the Inland Revenue.

Tax is charged on Commercial Property valued at over £150,000.

In the case of a Lease the tax is payable on any premium paid and also on the net present value based upon the rent and the length of the term.

While we can complete the forms you will need to sign them to confirm their accuracy and as with any Inland Revenue tax return there are financial penalties for late delivery of the forms and for providing false information.

Even when no tax is payable a return must be made

In cases where the rent in a Leases is not known for the first 5 years because of a rent review or turnover rent being charged subsequent returns will need to be made when the rent figure is known.

The views expressed are of a general nature only and are not intended to be used without prior consultation on a specific project.