Tenants face growing pains
Language: English Series: Estates Gazette ; (0534) 27 August 2005, 104-106(3)Publication details: 2005Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L130798 (Browse shelf(Opens below)) | 1 | Available | 130798-1001 |
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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.