- Location
- Holderness
Can anyone explain why or what is to pay if you take an FBT for 7 years or longer?
FBT and Stamp duty
- Thread starter Jack Russell
- Start date
midlandslad
Member
- Location
- Midlands
Based on the amount of rent payable. What is the rent?
- Location
- Holderness
Not decided yet……
ISCO
Member
- Location
- North East
There is an online HMRC calculator that you put lease length and 5 years rent payments in that will tell you SDLT.
glasshouse
Member
- Location
- lothians
It is ridiculous
- Location
- Shropshire
SDLT could be due whether the lease > 7 years or not. The relevance of 7 years is that it is the length at which a lease becomes registerable at the land registry, making it difficult to avoid. The calculator is here. https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
By way of example a 5 year FBT at £50k p.a. will incur £757 of SDLT according to the calculator.
By way of example a 5 year FBT at £50k p.a. will incur £757 of SDLT according to the calculator.
ISCO
Member
- Location
- North East
Was just going to post the same
- Location
- Holderness
Thanks everyone
- Location
- South Shropshire
Another reason to keep FBT terms short.
yellow belly
Member
- Location
- south west lincolnshire
one of the biggest reasons on the trust estates that have a lot of the let land in this country