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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Calculate the amount of tax due based on the NPV at question You must pay any SDLT due within 30 days after the effective date of the transaction.
SDLT – Form SDLT 1 to be available on the web – press release (Inland Revenue)
Question 33 – is a plan attached? It gives a prospective buyer an entitlement to purchase that land before a specified date. If the name of vendor 2 is longer than this, use abbreviations.
Question 51 – second part Answer this question only if you did not answer question 49, 50 or the first part of You should only use letters, numbers and spaces in the description. Only answer this question if the vendor is represented by an agent. Enter the surname family name or the company name of vendor 1. The SDLT5 certificate must be presented when applying for registration of the title or documents. If you sell or give away your previous main home within 3 years of buying your new home you can apply for a refund of the higher rate part of your SDLT bill.
Question 52 – number of purchasers included You must answer this question.
SDLT – Form SDLT 1 to be available on the web – press release (Inland Revenue) | Practical Law
The effective date of a land transaction is normally the date that the transaction is completed. Enter the number of months for any period where the tenant will not have to pay rent starting from the effective date at question 4, or if later the term commencement date.
You should give details of the subleases underleases on a separate schedule. If the name of purchaser 2 is longer than the space provided, please use abbreviations. Minor changes can be made by calling the Stamp Duty Land Tax helplinethese include:. Question 70 – purchaser 2 address You must answer this question if you answered question Use the SDLT3 form when the transaction involves more than one property.
Guide to completing form SDLT1 | Practical Law
You can still amend your return after HMRC has started a compliance check but dorm amendment cannot take effect until after the check is finished. Question 51 – third part Enter the country where the reference number was issued. This must be within 30 days of the date on the penalty notice. Declaration Question 73 – declaration Signing the form for a client You may complete the return on behalf of a ddlt1 but the purchaser is responsible for the information given in the SDLT return and in any supplementary forms or schedules.
For wdlt1 individual who does not have a permanent National Insurance number, enter one of the following: Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
Chargeable consideration does not include rent in leases and rent in linked transactions. It will take only 2 minutes to fill in. Enter the surname family name or the company name of the purchaser. The table below shows you when you should complete supplementary forms. If you got a repayment but the amount you were repaid was not due, you must pay it back. Interest charged on tax is not a penalty so you cannot appeal against it.
Do not answer both questions. You cannot use photocopies of the SDLT1 return for different transactions. If this transaction is linked to the grant of any other lease, only enter the premium for this lease.
Question 28 – address or situation of land You sflt1 answer this question. Earlier dates will not be accepted.
Question 46 – vendor 2 surname or company name You must answer this question if there is more than one vendor. When the system tells you that you cannot add any more, give the additional details on a separate schedule srlt1 each additional property, seller or buyer and include the UTRN.
How to complete your Stamp Duty Land Tax SDLT1 paper return
Thank you for your feedback. You must include a valid local authority code or HMRC will reject your return.
Freehold in Scotland ownership subject to one or more leases each reserving a ground or nominal rent. Enter the number of purchasers. If you do not have any unique references selt1 need help please contact the Stamp Taxes helpline.
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. Include any supporting evidence with your letter.