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I will now turn to your enquiry and assist you as best i can so please bear with me.
What is your query please
Are you wanting to know your liability for SDLT?
With commercial property the rates of SDLT are different to that of residential. When you buy a leasehold non residential property you pay SDLT on both the purchase price of the lease (the ‘lease premium’) and the value of the annual rent you pay (the ‘net present value’). These are calculated separately then added together.
The net present value (NPV) is based on the total rent over the life of the lease. You do not pay SDLT on the rent if the NPV is less than £150,000.
The rates are:
Up to £150,000 - Zero
The next £100,000 (the portion from £150,001 to £250,000) 2%
The remaining amount (the portion above £250,000) 5%
You can use the SDLT calculator to input the details and it will provide you with the figure payable. I have done a rough calculation and you would not be liable for SDLT based from the information provided ( i have not had sight of any documentation so this could change). Please note even if no SDLT is payable a return is still required to be filed.
You should use the link below to calculate the amount payable:-
I hope this has assisted your enquiry and thank you using our services.