|
Land Registry - seven+ year leases |
|
|
The number of leases reported to HMRC for SDLT purposes is considerably higher than the number reported to the LR for registration.
This seems to suggest that there are a number of leases for more than seven years which are not being registered, when they should be. It will be recalled, of course, that registration of leases of more than seven years has been compulsory since October 2003 (prior to that date, it was only leases of more than 21 years). So, if you are instructed on a proposed assignment of a lease for more than seven years then do check whether it is post-October 2003, and therefore should have been registered.
|
|
October 2009 |
