Use the SDLT3 form when the transaction involves more than one property. Fill in form SDLT1 and SDLT3 for each additional property. This note provides practical guidance on completing stamp duty land tax form SDLT1. Free Practical Law trial. To access this resource, sign up for a free, day. Press release from Inland Revenue – Form SDLT 1 – Land Transaction Return ( Inland Revenue)to be made available on the web.
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If there is not a fomr address then a separate plan of the land is required including the dimensions and full description of the boundaries. If vendor 1 is a limited company enter the address of the registered office.
You should only use letters, numbers and spaces in the description.
Enter the number of purchasers. Who can sign the form for a client? You cannot use photocopies of the SDLT1 return for different transactions. Question 51 – third part Enter the country where the reference number was issued. Question 59 – are the purchaser and vendor connected?
How to complete your Stamp Duty Land Tax SDLT1 return
Include any supporting evidence with your letter. You can enter up to 99 entries any combination of buyers, sellers or properties. The land including buildings If more than one piece of land is being sold please complete forms: Round up to a whole number of months.
If you answered the second part question 51 you also need to answer the third part of question Question 58 – give a daytime telephone number Enter a telephone number that purchaser 1 can be contacted on during office hours.
Check Stamp Duty Land Tax rates and thresholds. If you do not have any unique references and need help please contact the Stamp Taxes helpline. You must answer this question. You must include a valid local authority code or HMRC will reject your return. Question 54 – zdlt1 1 – surname or company name You must answer this question.
Question 18 – end date as specified in lease You must answer this question if you entered code A or L at question 2. The vendor Question 34 – number of vendors You must answer this question.
If there is more than one vendor you must complete questions 45 to Returns which do not include a valid code will be rejected. Enter the amount of tax due for this transaction based on the total chargeable consideration. This should include any VAT in both the: Question 36 – surname or company name You must answer this question. Explore the topic Stamp duty and other tax on property Stamp duty on shares.
Question 51 – first part Non-individuals such as companies, partnerships and other organisations Enter one of the following: If there are multiple addresses or more than one seller or buyer your paper transaction may need extra forms. This must be within 30 days of the date on the penalty notice.
Online transactions that need extra forms The electronic SDLT5 certificate shows details of the first property address for any transaction. This rule is modified where the purchaser is one of the following:. Enter here the total of these calculations in respect of all linked leases. Enter the start date as shown in the lease – if in the future, please enter the future date.
Question 46 – vendor 2 surname or company name You must answer this question if there is more than one vendor. For Northern Ireland enter the folio number. Enter the surname family name or the company name of vendor 2.
SDLT – Form SDLT 1 to be available on the web – press release (Inland Revenue) | Practical Law
Solicitors or legal conveyancers can submit your return online and pay any tax due once we:. Use numbers not words, for example use 2 not two. Question 71 – is purchaser 2 acting as a trustee?
DX Bootle 9 Do not use any punctuation or symbols. The electronic SDLT5 certificate shows details of the first property address for any transaction. The effective date of the transaction can also be changed if the change does not mean the return was received before the transaction was completed.
Question 70 – purchaser 2 address You must answer this question if you answered question If the final letter is not known leave the last box blank.
SDLT – Form SDLT 1 to be available on the web – press release (Inland Revenue)
Is this page useful? If there is no VAT leave blank. Question 2 – description of transaction You must answer this question. Changes where you need to write fodm the Stamp Duty Land Tax Officeand send a copy of the contract include:.
Use the SDLT3 form when the transaction involves more than one property.