Post by @ChrisMayLA6@zirk.us

2026-01-30 16:06 UTC

@amokura@mastodonapp.uk I'm not sure that *is* what is being discussed is it? I'm afraid I'm not a specialist in land or housing law, but 'rent charge' is something else isn't it? Isn't this the page we need to be looking at? Which by my reading includes a leasehold agreement (which the Govt. but the FT's argument is reading as the same as a long-rental for stamp duty purposes, until they change it)? https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm00280

Replies (1)

@amokura@mastodonapp.uk 2026-01-30 16:48

@ChrisMayLA6@zirk.us This rentcharge thing is something I've not come across before but, from the links I gave earlier, is not related to renting a property in the way we normally understand it. Also, it seems to be irrelevant as, according to the legislation, no new rentcharges can be created since 1977. A leasehold property is where you purchase the property for a specific number of years and pay ground rent, i.e. you acquire a chargeable interest in the property. This is not the same as a long rental. One of the problems of understanding all this is that the same or similar words have different meanings, e.g. lease and leasehold; rent and rentcharge. The other problem is that the whole manual is written in a very ambiguous manner for the lay person to comprehend.

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