How should I stamp a Novation Agreement or an Assignment of Lease to a new Landlord instead of to a new Tenant?

Question

Accepted Answer

For an assignment of lease to a new landlord, stamp duty is chargeable on the consideration, if any, at the BSD rates. If there is no consideration paid, stamp duty is not applicable.

If you are unsure whether your agreement is subject to stamp duty, please submit your document for our assessment through the e-Stamping Portal by following these steps:

1. Go to myTax Portal and click on "Stamp Duty".

2. Log in as an Individual User or Business User.

3. Click on “Requests” in the top navigation bar.

4. Select “Apply for Assessment/Appeal”.

Upon successful submission, you will receive a case reference number, and you will be notified once the review is completed.

How should I stamp a Novation Agreement or an Assignment of Lease to a new Landlord instead of to a new Tenant?

Related questions

Is stamping required and stamp duty payable when a new tenant takes over the remaining lease period from an outgoing tenant, with a 1.5-month extension but no consideration paid.

If I had extended the tenancy period, do I need to stamp on the extension? And how is the stamp duty computed?

Is additional stamp duty required if the rent is increased after the initial stamp duty was paid on the original tenancy agreement?

How do I calculate the Stamp Duty payable for Lease /Tenancy Agreement?