SDLTM00310 - Scope: What is chargeable

Land transactions: Notifiable transactions FA03/S77

Most transactions involving the acquisition of a major interest in land for consideration need to be notified to HM Revenue & Customs using form SDLT1, or electronic equivalent, unless specifically exempted from charge by virtue of FA03/SCH3.

See SDLTM00520 for transactions that are specifically exempted.

Notifiable transactions include those where tax is chargeable at the 0% rate and cases where a stamp duty land tax relief or exemption is claimed which reduces or extinguishes the liability.

Where notification is required a land transaction return must be delivered to HM Revenue & Customs under FA03/S76. See SDLTM80060.

Examples of notifiable transactions can be found at SDLTM00310a.