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The stamp duty land tax treatment of feed-in-tariff leases is considered by JOHN FEASTER
KEY POINTS
- Option and lease.
- No special treatment.
- FIT payments are chargeable.
- Non-statutory clearance.
The proliferation of solar panels and wind turbines being used to generate electricity has been encouraged by the availability of feed-in-tariff (FIT) payments.
These payments are made by central government towards the generation of electricity and its export to the national grid using renewable energy resources.
Commonly a renewable energy developer agrees to give a landowner such as a farmer a share in the benefit of FIT payments and a share in the electricity supply generated.
In return the landowner grants a lease of a parcel of land on which a green energy installation is constructed by the renewable energy developer.
Despite the widespread use of FIT leases there remains a considerable amount of uncertainty regarding...
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