Does a lease have to be stamped

Thanks for the reply. I got my copy of VAT on Property Transactions today (Revenue are efficient aren't they!) and to be honest having read it again, I think my situation is one of the more straightforward scenarios they give examples of (there are many complex ones, especially when a lease is surrendered back) but the devil is certainly in the detail and the sticking point for me is the most basic question.....is the property actually to be considered a "development" for VAT purposes at all?! I will need an accountant to take a look alright. Regards.