Who pays the Land Tax (Stamp Duty)?
If Land Tax is due in relation to the lease that you grant to Argyle, you will pay the principal tax as calculated and we will pay the duty due on the Counterpart. Land Tax can only be paid by having the relevant documents stamped by the Stamp Duty Office of the Inland Revenue. (Longer leases may require registration at the Land Registry.) We will send leases in bulk for stamping through our legal team who will be responsible for settling the duty. We will pay the duty due from you on your behalf and later deduct this from your rent.
