Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Stamp duty definition

What does Stamp duty mean? Stamp duty is a documentary tax on instruments that transfer certain assets, most commonly UK certificated shares. In practice, it is paid on the executed stock transfer form, which must be stamped before the transferee can be registered. The charge is imposed by UK legislation (principally the Stamp Act 1891, as amended) and arises on execution of the instrument; HMRC collects the duty via the stamping process, with penalties and interest for late stamping. Reliefs and exemptions exist (for example for certain intra-group transfers and charities). For electronic or uncertificated share transfers, stamp duty reserve tax (SDRT) generally applies instead; where...

SDLT on common lease transactions: grants, linked leases, agreements and assignments, variations, reverse premiums, bare trustees, surrender and re-grant, and reversionary leases (England and Northern Ireland)

Published by a LexisNexis Tax expert

Practice notes

This Practice Note provides an overview of the Stamp Duty Land Tax (SDLT) treatment of the following common lease transactions:

grant of a lease
linked leases
Surrender and re-grant of a lease
agreement for lease
Assignment of an agreement for lease
reverse premium
assignment of a lease
variation of a lease
surrender of a lease
lease to a bare trustee or nominee
reversionary lease

For general guidance on when SDLT is in point, refer to Practice Note: SDLT—land transactions, chargeable interests and chargeable transactions; and for the method of computing SDLT due on lease arrangements, see Practice Note: SDLT chargeable consideration—leases.

This Practice Note excludes leases and holding over. For additional detail on that area, consult Practice Note: SDLT—holding over.

From 1 April 2015, SDLT no longer applies to any land transaction concerning interests in or over land in Scotland. From that date, land and buildings transaction tax (LBTT) applies to such dealings, subject to transitional provisions...

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Web page updated on 21/05/2026

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