Q&As

Enforceability of Notice of Assignment Acknowledgement

read titleRead full title
Copyright © 2025 LexisNexis
Published by a LexisNexis Tax expert
Published on: 11 May 2017

A buyer and seller have agreed a discounted purchase price for a property. Is SDLT payable on the original or discounted price and does the analysis depend on the wording in the transfer?

Stamp Duty Land Tax (SDLT) is charged on the chargeable consideration for a land transaction. A land transaction is an Acquisition of a chargeable interest.

Chargeable consideration has a particular meaning for SDLT purposes and is defined in section 50 of the Finance Act 2003 (FA 2003) and FA 2003, Sch 4. Chargeable consideration includes not only money or money’s worth but also other means by which value is given directly or indirectly to the transferor of the land.

For further detail on the meaning of

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Purchase price definition
What does Purchase price mean?

The amount payable by a receivables purchaser to a client for a receivable assigned to it by the client, commonly calculated retrospectively as the amount received from a debtor towards the discharge of the receivable, less accrued discount and charges.

Read more readmore

Popular documents

SDLT and partnerships—transfers to a partnership

SDLT and partnerships—transfers to a partnershipThis Practice Note explains the special stamp duty land tax (SDLT) rules which apply when an interest in land is transferred to a partnership from one or more partners or persons connected with one or more partners. This includes a transfer on

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some