How do you calculate SDLT when there are linked transactions involving both freehold and leasehold interests?
For example consider the transfer of non-residential properties:
Freehold value – ?100,000
Leasehold value (NBV of rent) – ?80,000
The combined value is ?180,000. Using the rules for freehold would give SDLT at 1% on the whole ?180,000, but the leasehold rules only charge 1% on the excess over ?150,000. How do they interact?