A residential lease is granted on 1 June 2008 for consideration
consisting only of rent. The net present value of the rent payable
is £35,350.
As the relevant rental value (£35,350) does not exceed
the residential threshold of £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.
