SDLT clause—property sale contract—Seller has deferred SDLT payment on previous purchase
SDLT clause—property sale contract—Seller has deferred SDLT payment on previous purchase

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

  • Definitions
  • Clauses

Definitions

Deferred SDLT

  1. has the meaning as set out in clause [insert number]

HMRC

  1. Her Majesty’s Revenue and Customs

SDLT

  1. stamp duty land tax as provided in Part 4 of Finance Act 2003 and any amending or supplementary legislation

SDLT return

  1. a land transaction return as defined in section 76 of the Finance Act 2003, including any required additional or supplementary forms, documents or information

Clauses

  1. 1

    [Where it is intended that the Buyer will take over responsibility for paying the Deferred SDLT and submitting related SDLT returns:] Deferred SDLT

    1. 1.1

      Payment of SDLT on the purchase of the Property by the Seller was deferred in accordance with Finance Act 2003 section 90 and remains validly deferred at the date of this contract (the ‘Deferred SDLT’)

    2. 1.2

      The Buyer acknowledges that the Seller has, before the date of this contract, provided the Buyer with details of circumstances under which the Deferred SDLT may become payable [including copies of all SDLT returns and amended returns submitted to HMRC in respect of the Property and

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