Use the SDLT3 form when the transaction involves more than one property. Fill in form SDLT1 and SDLT3 for each additional property. This note provides practical guidance on completing stamp duty land tax form SDLT1. Free Practical Law trial. To access this resource, sign up for a free, day. Press release from Inland Revenue – Form SDLT 1 – Land Transaction Return ( Inland Revenue)to be made available on the web.
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Enter values in whole pounds sterling and leave the pence boxes blank. For linked transactions, tax on a premium is based on the total entered at question Use the SDLT1 guidance notes to help you fill in the paper return and forms.
Enter the amount of tax due for this transaction based on the total chargeable consideration. Answer this question if the agent does not have a DX document exchange address see question An option is to buy foorm is a binding right granted by a landowner. This rule is modified where the purchaser is one of the following: Only complete this question if the agent has a DX address. Completing the paper SDLT return has more information on completing returns for transactions involving more than 99 properties.
Different rules apply to different parts of the UK England, Wales and Northern Ireland – use code Sdl1t for an acquisition of any freehold interest in land where no lease is involved Scotland – use code F for every acquisition of ownership of land except where the freehold or ownership of land is subject to a lease, in which case code A applies.
Enter the number of properties that are being acquired or leased to the purchaser in this transaction. Use a separate row for each line of the address making sure the house or building number and postcode are entered in the relevant fields. Question 61 – I authorise my agent to handle correspondence on my behalf You must answer this question if an agent is acting on your sdpt1.
This publication is available at https: Question 46 – vendor 2 surname or company name You must answer this question if there is more than one vendor. If there is not a postal address then a separate plan of the land is required including the dimensions and full description of the boundaries. Question 12 – what form does the consideration take?
Find out more about cookies. Use a separate row for each line of the address to make sure the house or building number and postcode are entered in the relevant fields. If the tenant has paid a capital sum any form of chargeable consideration other than rent to the landlord or any other person for the grant of a new lease, enter the amount including any VAT payable.
SDLT – Form SDLT 1 to be available on the web – press release (Inland Revenue)
A purchaser who is unable to control their own affairs and where no power of attorney is held may have a return completed and signed on their behalf by one of the following:. Enter the DX sdpt1 on the first line and enter the exchange location followed by the number on the second line, for example:. You can still amend from return after HMRC has started a compliance check but your amendment cannot zdlt1 effect until after the check is finished.
If you answered the second part question 51 you also need to answer the third part of question You must answer this question if you answered question Question 51 – second part Answer this question only if you did not answer question 49, 50 or the first part of If anything is missing, wrong or unclear, we will send you form SDLT8 asking for the correct or missing fkrm.
Maybe Yes this page is useful No this page is not useful Is there anything wrong with this page? Guidance Stamp Duty Land Tax online and paper returns. Consideration other than cash must be valued at its full market value as at the effective date of the transaction. The payment deadline is the same as the return.
Guide to completing form SDLT1 | Practical Law
Enter here the total of these calculations in respect of all linked leases. Question 32 – if agricultural or development land, what is the area if known Show square metres in whole numbers and hectares to 3 decimal places.
Question 17 – start date as specified in lease You must answer this question if you sd,t1 code A or L at question 2. Explore the topic Stamp duty and other tax on property Stamp duty on shares. Do not use punctuation or symbols. HMRC will only accept a reasonable excuse for not meeting the deadline if this event stopped you from either:.
Question 70 – purchaser 2 address You must answer this question if you answered question Send it to the Land Registry with your application for registration. Answer this question if the agent does not use a DX address question If the name of vendor 1 is longer than this, use abbreviations. The tax-based penalty can be up to the full amount of the tax due on the return.
If the net present value is nil enter 0. If you answered this question go straight to question 52 Question 51 – if purchaser 1 is a UK company you must provide a UK company or partnership UTR If you did not answer questions 49 or 50 you must answer Enter the DX number on the first line and enter the exchange location followed by the number on the second line, for example: Chargeable consideration does not include rent in leases and rent in linked transactions.
Question 7 – is any land exchanged or part-exchanged? Use one of the following codes. What were you doing? Tax on a premium is calculated on the total at question If vendor 1 is a company or partnership, go to question Question 54 – purchaser 1 – surname or company name You must answer this question.
Enter the DX number on the first line and enter the exchange location followed by the exchange number on the second line, for example: Declaration Question 73 – declaration Signing the form for a client You may complete the return on behalf of a client but the purchaser is responsible for the information given in the SDLT return and in any supplementary forms or schedules. A general form of authority may not be enough for us to process the refund.
Question 68 – purchaser 2 surname or company name You must answer this question if sdot1 is more than one purchaser. You do not pay SDLT if you buy a property in: