REV BN 2: Registered Social Landlords: Exemption of short-term tenancy agreements from Stamp Duty

Who is likely to be affected?

1. Registered Social Landlords (RSLs) such as Housing Associations.

General description of the measure

2. Retrospectively exempt some of the tenancy agreements entered into by RSLs from stamp duty. The agreements concerned will be those entered into under contracts with local authorities to house the homeless.

Operative date

3. Will apply to agreements entered into since 1 January 2000.

Current law and proposed revisions

4. Indefinite short-term tenancy agreements are subject to stamp duty on their estimated value.
   
   
5. The revision will exempt certain short-term agreements entered into by RSLs. The measure is retrospective in order to exempt existing tenancy agreements on which stamp duty is liable.

Further advice

6. If you have any questions about this change, please contact the Public Enquiry Unit on 020 7438 6420 to 6425.