Tenants face growing pains
Campbell, Andrew
Tenants face growing pains - 2005 - Estates Gazette (0534) 27 August 2005, 104-106(3) .
Explains how Stamp Duty Land Tax (SDLT) treats business tenants that hold over under the Landlord and Tenant Act 1954. Looks at several situations in relation to the SDLT regime: growing tenancies where a business tenant has held over after the expiry of its contractual term; the application of either party to the court for an interim rent award covering the hold-over period, and the risk to the tenant of wasting some or all of the extra SDLT paid on its growing lease after commencement of the holding-over period. Considers SDLT liability in the case of successive leases of the same premises falling within the linked transactions anti-avoidance rule in the Finance Act 2003 s108. Provides a list of useful SDLT advice for tenants.
FINANCE BILL 2006
LANDLORD AND TENANT ACT 1954
FINANCE ACT 2003 SCHED 17A
FINANCE ACT 2003 S108
Tenants face growing pains - 2005 - Estates Gazette (0534) 27 August 2005, 104-106(3) .
Explains how Stamp Duty Land Tax (SDLT) treats business tenants that hold over under the Landlord and Tenant Act 1954. Looks at several situations in relation to the SDLT regime: growing tenancies where a business tenant has held over after the expiry of its contractual term; the application of either party to the court for an interim rent award covering the hold-over period, and the risk to the tenant of wasting some or all of the extra SDLT paid on its growing lease after commencement of the holding-over period. Considers SDLT liability in the case of successive leases of the same premises falling within the linked transactions anti-avoidance rule in the Finance Act 2003 s108. Provides a list of useful SDLT advice for tenants.
FINANCE BILL 2006
LANDLORD AND TENANT ACT 1954
FINANCE ACT 2003 SCHED 17A
FINANCE ACT 2003 S108