LBTT6006 - Consideration other than rent

LBTT guidance on chargeable consideration other than rent (otherwise known as a premium) in a land transaction involving a lease.

Consideration given by a tenant to a landlord for the grant of a lease will be subject to LBTT as a premium (sometimes referred to as a grassum) in the same way as other chargeable consideration for the acquisition of a chargeable interest in land, at a fixed percentage rate, depending on the amount. Where the tenant pays the landlord's reasonable fees in connection with the grant of a lease, this does not count as a premium (see LBTT6012).
LBTT(S)A 2013 schedule 19 part 3

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