Payment of stamp duty land tax (SDLT)1 is due within 30 days of the 'effective date' of the relevant land transaction2. The effective date will normally be the date of completion, but where a contract for the land transaction has been entered into the charge to tax arises when the contract has been substantially performed3 and in some circumstances this will give rise to a charge to tax before actual completion. A contract is substantially performed when the purchaser, or a person connected with the purchaser, takes possession of the whole, or substantially the whole, of the subject-matter of
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234