SDLT on property disposals

By Tolley

The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • SDLT on property disposals
  • Linked transactions and multiple dwellings relief
  • Pre-completion transactions
  • Sales to connected companies

Stamp duty land tax SDLT is generally payable on the purchase or transfer of property or land in the UK where the amount paid is above a certain threshold If the consideration is over 40 000 the transaction must be notified to HMRC on an SDLT Return even though no SDLT may be due FA 2003 ss 76 77A When it was originally introduced in 2003 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 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 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

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