Avoiding stamp tax surprises: what landlords and tenants need to know
Mike Dalton, Head of Stamp Taxes at Grant Thornton UK, explains the charges that could arise from making revisions to leases.
Various solutions may be considered to alleviate rent burdens in the short term. In very simple cases this may involve a deferral of rent collected without any variation of the lease. More complex solutions may also be considered, such as varying the profile of rent (to allow a rent-free or reduced rent period, with a corresponding increase in later years), or allowing a rent-free period but requiring an extension to the lease term. There is an increasing trend for landlords to propose new lease models with rent related to turnover for tenants in the retail/leisure sector.
Continue reading
This content is not freely available. To access 'Avoiding stamp tax surprises: what landlords and tenants need to know' you need to be one of the following:
-
ACA student
-
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
-
Business and Finance Professional
-
An internationally recognised designation and professional status from the ICAEW.
-
ICAEW member
-
Gain access to world-leading information resources, guidance and local networks. 98% of the best global brands rely on ICAEW chartered accountants.
-
Tax Faculty
-
Expert guidance and a wealth of technical and practical resources and support you can trust to keep you on top of tax.