CH56900 - Assessing Time Limits: Tables of time limits for relevant taxes: Stamp Duty Land Tax

1a. Assessment

Assessment on a person in a case involving loss of tax brought about with no careless or deliberate behaviour.

Time Limit

4 years after the effective date of the transaction.

Legislation

FA03/SCH10/PARA31(1) as amended by FA09/SCH51/PARA15(5).

1b. Assessment

Assessment of an amount due from a person in a case involving a loss of tax brought about carelessly by the purchaser or by another person acting on the purchaser’s behalf, or a person who was a partner of the purchaser at the relevant time.

Time Limit

6 years after the effective date of the transaction.

Legislation

FA03/SCH10/PARA31(2) as amended by FA09/SCH51/PARA15(6)

1c. Assessment

Assessment of an amount due from a person in a case involving a loss of tax brought about deliberately by the purchaser or by another person acting on the purchaser’s behalf, or a person who was a partner of the purchaser at the relevant time.

Time Limit

20 years after the effective date of the transaction.

Legislation

FA03/SCH10/PARA31(2A) as amended by FA09/SCH51/PARA15(6)

2a. Assessment

Assessment of a penalty under FA03/SCH14**

Time Limit

4 years from the date the penalty is incurred* or, if the penalty is tax-geared, 3 years from the date the tax is finally determined if later, subject to 7 below in the case of deceased persons.

* In the case of a daily penalty the assessment time limit runs from the date the penalty began to be incurred.

** Not penalties under FA2007/SCH24, these are subject to SCH24/PARA13 time limits.

Legislation

FA03/SCH14/PARA8(2) as amended by FA09/SCH51/PARA16(2)

2b. Assessment

Assessment of a penalty under FA03/SCH14** in a case involving loss of tax brought about carelessly by the person or by another person acting on that person’s behalf.

Time Limit

6 years from the date the penalty is incurred* if later than the date given by 4 or 7.

** Not penalties under FA2007/SCH24, these are subject to SCH24/PARA13 time limits.

Legislation

FA03/SCH14/PARA8(4A) as amended by FA09/SCH51/PARA16(4)

2c. Assessment

Assessment of a penalty under FA03/SCH14** in a case involving loss of tax brought about deliberately by the person or by another person acting on that person’s behalf.

Time Limit

20 years from the date the penalty is incurred* if later than the date given by 4 or 7.

** Not penalties under FA2007/SCH24, these are subject to SCH24/PARA13 time limits.

Legislation

FA03/SCH14/PARA8(4B) as amended by FA09/SCH51/PARA16(4)

2d. Assessment

Assessment of a penalty under FA03/SCH14** in a case involving loss of tax brought about deliberately by the person or by another person acting on that person’s behalf.

Time Limit

20 years from the date the penalty is incurred* if later than the date given by 4 or 7.

** Not penalties under FA2007/SCH24, these are subject to SCH24/PARA13 time limits.

Legislation

FA03/SCH14/PARA8(4B) as amended by FA09/SCH51/PARA16(4)

3. Assessment

Penalty assessment for a deceased person.

Time Limit

4 years after the date the penalty is incurred* or, if the penalty is tax geared, 3 years from the date when tax is finally determined, if later, provided that the tax assessment is made no more than 6 years from the relevant date.

* In the case of a daily penalty the assessment time limit runs from the date the penalty began to be incurred.

Legislation

FA03/SCH14/PARA8(3) as amended by FA09/SCH51

* In the case of a daily penalty the assessment time limit runs from the date the penalty began to be incurred.

** Not penalties under FA2007/SCH24, these are subject to SCH24/PARA13 time limits.