Stamp Duty and Commercial Lease renewal

[Venisonpie]

We're (Ltd co) about to sign a new lease for a commercial retail unit (previous lease 12 yrs just expired, new one 10 yrs) and the solicitor has informed us we need to pay HMRC SDLT on the new lease. I was of the understanding this didn't apply to commercial property, am I mistaken or has something changed?

TIA.

[Jockman]

Our last SDLT bill for our Lease renewal earlier this year was £14k.

That was for Commercial Property within our SIPP.

So long as it’s above a certain level it’s payable.

[AB]

It does apply, based on the NPV, I'm no expert but do some research. Up to a certain value it's exempt so it may be that an uplift in the rent over the term has pushed you over the threshold?

Edit: Quick Google https://www.tallyworkspace.com/articles/stamp-duty...

[Venisonpie]

Thanks both, that link is just what I was after. We're liable sadly but not the end of the world at £3k.