SDLTM14090 - Term of a lease: Lease extensions, re-grants, surrenders etc.

These paragraphs aim to explain the treatment of the usual methods of extending the term of occupation under a lease. The paragraphs SDLTM14100 to SDLTM14120 refer to business leases but the principles are also applicable to residential leases (although in practice very few residential leases will incur a charge to stamp duty land tax (SDLT) on the rental element).

The SDLT treatment of these extensions will differ, depending upon whether the initial lease when granted was chargeable to stamp duty or SDLT.