SDLT and Leases

 

'The objectives of a charge on the grant of new leases should be to:

 

●     correspond more closely to a stamp duty charge on a transfer of similar value thus ensuring greater fairness between lessees and purchasers

 

●     better reflect modern commercial practices and

 

●     ensure that stamp duty on the sale or conveyance of property is not avoided merely by the creation and transfer of a lease.'