Correction, 4 November 2026: Our earlier article suggested that adding up rent over several years could trigger a £125,000 SDLT threshold. That example should not be used to assess a tenant’s tax position.
What has changed?
HMRC updated its leasehold guidance on 28 October 2026. For residential property under an assured tenancy, its guidance says the rent’s net present value does not need to be calculated from 1 May 2026.
What should tenants do?
Do not infer a tax bill simply by multiplying monthly rent by the number of years you have lived in a home. Check the type of tenancy and the current HMRC guidance. Different rules can apply to other lease arrangements; seek qualified tax advice if you are unsure.
Source: HMRC: Stamp Duty Land Tax on leasehold sales.
This correction replaces our earlier example rather than preserving it as current advice.
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