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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The land including buildings If more than one piece of land is being sold please complete forms: Maybe Yes this page is useful No this page is not useful Sdlt11 there anything wrong with this page? The filing date is 30 days after the effective date of your transaction.
Guide to completing form SDLT1
HMRC will only accept a reasonable excuse for not meeting the deadline if this event stopped you from either:. Explore the for, Stamp duty and other tax on property Stamp duty on shares. Round up to a whole number of months. Only complete this question if the agent has a DX address.
Enter the end date shown in the lease.
If there are more than 2 purchasers you must complete a supplementary form SDLT2 for vorm additional purchaser not entered on the SDLT1 purchasers 3, 4, 5 and sdlt11 on.
You can correct minor errors by phone. Enter the number of purchasers. Enter the DX number on the first line and enter the exchange location followed by the number on the second line, for example:. Check Stamp Duty Land Tax rates and thresholds. But if other types of consideration are involved in this transaction, you can show up to 4 different types of consideration.
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. Only answer this question if the vendor is represented by an agent. Leave blank if the vendor is acting for themselves.
Guide to completing form SDLT1 | Practical Law
Answer this question if the agent does not have a DX document exchange address see question 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. 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.
Check that the number of SDLT2s enclosed is consistent with the information you entered at question Question 56 – purchaser 1 – address You must answer this question. You can appeal against a penalty if you could not file your return by the deadline because of an unusual event that was either unforeseeable or beyond your control. If the title is more than 6 letters, use abbreviations, for example show Captain as Capt. If the final letter is not known leave the last box blank.
If you answer code 02 mixed use property or code 03 non-residential property you must also complete form SDLT4. SDLT precompletion transactions rules. If the name of purchaser 1 is longer than the space provided, please use abbreviations. Question 17 – start date as specified in lease You must answer this question if you entered code A or L at question 2. For Northern Ireland enter the folio number. Minor changes can be made by calling the Stamp Duty Land Tax helplinethese include:.
This rule is modified where the purchaser is one of the following:. If the number of additional sellers or buyers combined is more than 99, complete a separate schedule for the rest. Maybe Yes this page is useful No this page is not useful Is there anything wrong with this page? Do not use punctuation or symbols. You may wish to attach a plan. Enter the DX number on the first line and enter the exchange location followed by the number on the second line, for example: Question 51 – first part Non-individuals such as companies, partnerships and other organisations Enter one of the following: Do not answer this question if you answered either questions 49, 50 or the first part of More information about linked transactions is in the SDLT manual: 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.
If there are more than 2 vendors you must complete a supplementary form SDLT2 for each additional vendor not entered on the SDLT1 for example vendors 3, 4, 5.
Question 30 – title number, if any If the property is registered give the title number. If the name of purchaser 2 is longer than the space provided, use abbreviations. You can still amend your return after HMRC has started a compliance check but your amendment cannot take effect until after the check is finished. Type of property Description Code Residential not including additional residential properties A building used or suitable for the use of a dwelling, or is in the process of being constructed to use as a dwelling The garden or grounds of such building, including structures on the garden or grounds An interest or right in or over land that benefits a dwelling, for example a right of way to access the dwelling 01 Mixed use Only part of the property is residential 02 Non-residential Is where the whole property is not residential 03 Residential – additional properties Is where the purchase of a residential property results in you owning more than one residential property If the new property is a replacement for your main residence which has not yet been sold, you must still use this code but you may be able to claim a refund when your main residence is sold.
Enter the number of properties that are being acquired or leased to the purchaser in this transaction. If you send either a return for a transaction that does not need a return or a duplicate return, write to Stamp Duty Land Tax Office to ask them to disregard it.
Some land and property transactions do not need a SDLT returnincluding: Question 18 – end date as specified in lease You must answer this question if you entered code A or L at question 2.
For linked transactions, tax on a premium is based on the total entered at question If you did not answer question 49 you must answer 50 or Published 28 November If anything is missing, wrong or unclear, we will send you form SDLT8 asking for the correct or missing information. You must answer this question if the purchaser is an individual who has a permanent National Insurance number.