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Posted Tue, 27 Jun 2023 00:15:34 GMT by alexp
Hi, I'm renting a property for almost 2 years (started on 31/07/2021). The original lease was for 2 years, rent was 42900 per year. At the end of May we negotiated a MEMORANDUM OF RENEWAL AGREEMENT where we agreed the renewal for 46800 per year starting 31/07/2023. The were some changes to the original agreement like the length (1 year instead of 2), different breaking clause. As the total amount over 3 years will be 132600 I assume that because it exceeds 125k I will need to pay SDLT at a rate of 1% for the difference, which is 76 pounds. So in summary: year 1: 42900 year 2:42900 year 3: 46800 I've tried https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro but I couldn't figure what exactly to put as premium and as for dates. Whatever I tried resulted in the form saying 0 tax due. Can you help me with the form please, what dates, numbers I should use there? Thank you!
Posted Tue, 27 Jun 2023 13:46:33 GMT by HMRC Admin 10 Response
Hi,
Please contact the Stamp Duty Land Tax team for advice.
Stamp Duty Land Tax
Thank you.

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