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Stamp Duty on leases

Property

Stamp duty can be payable if you take out a lease. It is based on the “net present value” of the lease. The calculation is quite complicated and so the best way to obtain this is to use the stamp duty lease calculator provided by the HMRC.

If you are concerned about the level of stamp duty you will have to pay please call us we will guide you through the calculator my contact details are climb@fidler.co.uk or direct dial 01623 4448302. If you are still negotiating the terms of your lease you may decide to seek a short term lease to reduce the amount of stamp duty payable but this needs to be considered carefully to ensure that the lease term meets with your needs.

Christie Limb

Commercial Property Solicitor

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