SDLT—deeds of rectification

The following Tax practice note provides comprehensive and up to date legal information covering:

  • SDLT—deeds of rectification
  • Extent of land incorrect
  • Easements and covenants
  • Leases
  • Increase in rent
  • Reduction in rent or term
  • Other variations
  • Increase in term or demise
  • Agreement for lease–substantially performed then rescinded

SDLT—deeds of rectification

Most deeds of rectification in the context of property will effect a land transaction for stamp duty land tax (SDLT) purposes, for example, where the deed transfers land or creates a right of way that was left out of the original deed. This Practice Note looks at the SDLT notification and calculation provisions applicable to common matters dealt with in deeds of rectification, such as the extent of land being corrected, the grant or variation of easements or covenants and lease rectification issues.

SDLT ceased to apply to any land transaction involving any interests in or over land in Scotland from 1 April 2015. From that date, land and buildings transaction tax (LBTT) applies to such transactions, subject to transitional provisions. Consequently, references in this Practice Note to 'UK land' or similar expressions in the context of the application of SDLT should be read to exclude any interests in or over land in Scotland from 1 April 2015. For further details, see the LBTT subtopic.

SDLT ceased to apply to any land transaction involving any interest in or over land in Wales from 1 April 2018. From that date, land transaction tax (LTT) applies to such transactions, subject to transitional provisions. Consequently, references in this Practice Note to 'UK land' or similar expressions in the context of the application of SDLT should be read

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