SDLTM60050 - Processing

Which form should be used to notify your transaction

In general a transaction should be notified by using form SDLT1 and, if necessary the supplementary forms SDLT2, SDLT3 and SDLT4.

However an SDLT60 self-certificate should be used in the following circumstances

• Transfer or conveyance of a freehold interest in land (in Scotland, ownership of land) for no chargeable consideration, see FA03/S77(3) and FA03/SCH3/PARA1
• Grant of a lease in England and Wales or Northern Ireland for a term of seven years or more and for no chargeable consideration (that is, no premium and no rent of any monetary value), see FA03/S77(2)(a))
• Grant of a lease (including, in Scotland, missives of let constituting a lease) where all the following are satisfied, see FA03/S77(2)(b)

• Transfer or assignment of a leasehold interest in land (in Scotland, assignation of a tenant’s interest under a lease) for no chargeable consideration, see FA03/S77(2A)
• Transfer or assignment of a leasehold interest in land (in Scotland, assignation of a tenant’s interest under a lease) where both the following are satisfied, see FA03/S77(2A)

• Land transactions, other than the transfer or conveyance of a freehold interest (in Scotland, ownership of land), grant of a lease (in Scotland, including missives of let constituting a lease) or assignment of a lease (in Scotland, assignation of a tenant’s interest under a lease) where the amount of the consideration is not such as to attract stamp duty land tax at a rate of 1% or higher (ignoring the availability of any relief), see FA03/S77(4)
• Land transactions exempt from stamp duty land tax under FA03/SCH3/PARA3 (transactions in connection with divorce or the dissolution of a civil partnership formed under the Civil Partnership Act 2004)
• Land transactions exempt from stamp duty land tax under FA03/SCH3/PARA4 (variation of testamentary dispositions)
• Transfer or conveyance of a freehold interest in land (in Scotland, ownership of land) consisting entirely of residential property, where the chargeable consideration, together with that of any linked transactions, is less than £1,000, see FA03/S77(3)(b)
• Transfer to a beneficiary entitled under a will or on intestacy, where the only consideration given is the assumption of a ‘secured debt’ as defined in FA03/SCH3/PARA3A
• Transfer of interest in a partnership for chargeable consideration not exceeding the zero rate threshold, which is not notifiable by virtue of FA03/SCH15/PARA30.

It must be noted that apart from the circumstances mentioned above, an SDLT1 is required for all other transactions even where there is no stamp duty land tax to pay or where a relief is being claimed, for example group relief or disadvantaged area relief.