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Can anyone explain why or what is to pay if you take an FBT for 7 years or longer?
Not decided yet……Based on the amount of rent payable. What is the rent?
Was just going to post the sameSDLT 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.
one of the biggest reasons on the trust estates that have a lot of the let land in this countryAnother reason to keep FBT terms short.