The Stamp Duty Land Tax (Alternative Finance Investment Bonds) Regulations 2010
Paragraph 11 of Schedule 17A to the Finance Act 2003 applies on the first assignment of a lease to deny relief on the first assignment, where upon the grant of the lease, relief from stamp duty land tax (“SDLT”) has been claimed on the first assignment. The assignment is treated for SDLT purposes as a grant of a lease which brings into charge any rents that were previously exempt: these rents would not normally be chargeable on assignment.