SDLTM04110 - Scope: How much is chargeable: Non-cash consideration: Receipt of a reverse premium FA03/SCH17A/PARA18
On the grant, assignment or surrender of a lease a reverse premium does not count as chargeable consideration.
A reverse premium means
- in relation to the grant of a lease, a premium moving from the landlord to the tenant
- in relation to the assignment of a lease, a premium moving from the assignor to the assignee
- in relation to the surrender of a lease, a premium moving from the tenant to the landlord.