| Commentary

66.4 Stamp Duty Land Tax (SDLT)

| Commentary

66.4 Stamp Duty Land Tax (SDLT)

SDLT is payable by a buyer of an interest in, or right over land, on the chargeable consideration paid or deemed to be paid1. It is chargeable whether or not the instrument effecting the transaction is executed in the UK, or the parties are resident or present, in the UK2. The land or rights over which the land is situated must be in England and Wales or Northern Ireland for SDLT to be imposed3.

This regime replaced ad valorem stamp duty from 1 December 2003. The purchaser, (the person acquiring the subject matter of the

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