Stamp duty land tax administration

By Tolley
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The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Stamp duty land tax administration
  • Returns
  • Payment of tax
  • Interest
  • Penalties

The administration system for stamp duty land tax SDLT is carried out using a self assessment form Usually the solicitor or conveyancer working on the property transaction will be engaged to file SDLT returns and arrange payment of SDLT to HMRC When it was originally introduced SDLT applied to all UK land transactions Devolution has resulted in Scotland and Wales introducing their own regimes From 1 April 2015 land and buildings transaction tax LBTT applies to land transactions in Scotland For details of LBTT see Sergeant and Sims on Stamp Taxes AA12 AA22 For details of the administration of LBTT see the Revenue Scotland website Scotland Act 2012 ss 28 29 Sch 3 Land and Buildings Transaction Tax Scotland Act 2013 From 1 April 2018 land transaction tax LTT applies to land transactions in Wales For details of LBTT see Sergeant and Sims on Stamp Taxes AA23 AA34 For details of the administration of LTT see the Welsh Revenue Authority website Wales Act 2014 s 15 Land Transaction Tax and Anti avoidance of Devolved Taxes Wales Act 2017 Whilst the underlying rules applying to LBTT LTT and SDLT are broadly similar in nature the taxes a

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