SDLT—notifiable transactions
SDLT—notifiable transactions

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

  • SDLT—notifiable transactions
  • Purchaser's duty to deliver a land transaction return
  • What is a notifiable transaction?
  • Which transactions are not notifiable?
  • What is the effective date of a transaction?
  • Substantial performance
  • Particular types of purchaser

This Practice Note considers the steps to take in relation to SDLT once it is established there is a chargeable transaction. For details about the definition of a land transaction, what amounts to the acquisition of a chargeable interest and when a chargeable transaction arises, see Practice Note: Land transactions, chargeable interests and chargeable transactions. For further details on how to notify land transactions, see Practice Note: SDLT—administration and compliance.

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 to exclude any interests in or over land in Wales from 1 April 2018. For

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