Stamp duty land tax administration

Produced by Tolley
Stamp duty land tax administration

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

  • Stamp duty land tax administration
  • Returns
  • Payment of tax
  • Interest
  • Penalties
  • Late filing
  • Incorrect returns

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. If the taxpayer wishes HMRC to discuss SDLT matters with another agent (eg their tax adviser), HMRC requires a separate letter of authority from the taxpayer. See SDLTM61500.

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 (SSSD, AA[AA351]–SSSD, AA[AA862]). For details of the administration of LBTT, see the Revenue Scotland website.

From 1 April 2018, land transaction tax (LTT) applies to land transactions in Wales. For details of LTT, see Sergeant and Sims on Stamp Taxes AA23–AA34 (SSSD, AA[AA901]–SSSD, AA[AA2115]). For details of the administration of LTT, see the Welsh Revenue Authority website.

Whilst the underlying rules applying to LBTT, LTT and

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