Q&As

Do I need to submit an SDLT return when a property is distributed as a dividend in specie?

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Published on: 10 January 2017
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A purchaser of UK land is under a duty to notify HMRC of a notifiable land Transaction within 30 days after the effective date of the land transaction (section 76 of the Finance Act 2003 (FA 2003)).

Notifiable land transactions are set out in FA 2003, s 77. These include the acquisition of a major interest in land (broadly a freehold or leasehold property) that does not fall within the exceptions set out in FA 2003, s 77A.

An exempt land transaction within FA 2003, Sch 3 does not

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United Kingdom
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Dividend definition
What does Dividend mean?

The proportion of company net profits paid out to equity investors.

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