Grant of Reversionary Lease Example – Page Archived and Moved

Archived HMRC guidance on reversionary lease examples

This archived HMRC manual page does not contain the worked example on the grant of a reversionary lease. It is only a signpost saying the example has been moved to SDLTM17070, so anyone researching SDLT treatment should use the replacement page and check the legislation as well.

  • A reversionary lease is a lease granted now but starting at a future date.
  • The archived page titled SDLTM17075 no longer gives substantive guidance or an example.
  • HMRC directs readers to SDLTM17070 for the moved example.
  • You should not rely on the archived page for transaction analysis or current HMRC practice.
  • Read the replacement guidance alongside the wider lease provisions and the underlying legislation.

Scroll down for the full analysis.

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Grant of a reversionary lease: archived example moved

This page concerns an HMRC manual entry about reversionary leases. The source itself does not contain the example any more. Instead, it states that the example has been moved to another manual page. The practical point is simple: this archived page no longer gives substantive guidance, so you need to read the replacement page to find HMRC’s example.

What this rule is about

A reversionary lease is broadly a lease that does not begin immediately when it is granted, but starts at a future date. In stamp duty land tax practice, reversionary leases can raise specific timing and valuation issues because the lease is granted now, while the term begins later. HMRC’s manuals often include worked examples to show how the rules apply.

What the official source says

The official source is an archived HMRC manual page titled “SDLTM17075 – Miscellaneous Provisions: Grant of a reversionary lease: Example”. The page does not set out the example. It says only that the page is archived and that the example has been moved to SDLTM17070.

What this means in practice

This archived page should not be treated as containing the current explanation or example. If you are researching HMRC’s view on the grant of a reversionary lease, this page is only a signpost. The substantive material is on the replacement page referred to by HMRC.

That matters because manual numbering and archived pages can be misleading. A reader might assume the page still contains operative guidance when it does not. In practice, you should follow the cross-reference and read the current page in context with the surrounding manual material on leases.

How to analyse it

If you have landed on an archived HMRC manual page like this one, a sensible approach is:

  • Check whether the page contains substantive guidance or only a relocation note.
  • Follow the cross-reference to the replacement page, here SDLTM17070.
  • Read the replacement material alongside the wider lease provisions, not in isolation.
  • Distinguish between what HMRC’s manual says and what the legislation itself requires.
  • If you are using the manual for a transaction analysis, make sure you are not relying on an out-of-date archived page.

Example

Illustration: a conveyancer searches HMRC’s SDLT manual for an example on reversionary leases and finds this archived page. If they stop there, they learn almost nothing beyond the fact that the example is no longer on that page. The correct next step is to go to SDLTM17070 and review the moved example there.

Why this can be difficult in practice

Archived manual pages can create confusion, especially where older links still appear in search results or internal notes. The difficulty here is not a disputed legal rule, but a research problem: the page title suggests useful content, while the body of the page contains only a relocation notice. Readers need to be careful not to mistake an archived signpost for current guidance.

Key takeaways

  • This HMRC page is archived and contains no substantive example.
  • HMRC says the example has been moved to SDLTM17070.
  • For practical SDLT analysis, use the replacement page and the relevant legislation, not this archived entry.

This page was last updated on 24 March 2026

Useful article? You may find it helpful to read the original guidance here: Grant of Reversionary Lease Example – Page Archived and Moved

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