SDLTM12010 - Notification: Grant of
a lease
When a lease is granted (or a notional lease is treated as
having been granted – refer to
SDLTM10045), it should be notified to
HM Revenue and Customs (HMRC) on form SDLT1 (and form SDLT4 if
necessary) where:
- the lease (or deemed lease),
when granted, is for a term of seven years or more
and the grant is for chargeable consideration
(refer to FA03/S77(2)(a) and
SDLTM11000) or
- the lease (or deemed lease) is for a term
of less than seven years and tax is chargeable at a rate of 1% or
higher on either or both of any premium or rent (or would be so
chargeable but for the availability of a relief) (refer
toFA03/S77(2)(b) and
SDLTM13000).
The return must be delivered to HMRC within 30 days of the
effective date of the lease. For further details of effective date
refer to
SDLTM07600 to SDLTM07750.
