Recent updates to the Stamp Duty Land Tax Manual
Below are details of the amendments that were published on 17 September 2009 (see the update index for all updates)
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Section |
Details of update |
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Introduction to stamp duty land tax: rates of tax. End date for temporary £175,000 threshold amended. |
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Scope: What is chargeable : Deeds of Rectification. SDLT60 removed and consideration changed to £40,000. |
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Scope: What is chargeable: Notifiable Transactions. Reference to SDLT60 removed. |
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Scope: What is chargeable: Is notification required ? Reference to self-certificate removed. Consideration changed to £40,000. |
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Scope: What is chargeable : Exempt Transactions. Reference to self-certificate removed. |
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Scope: What is chargeable: Notifiable Transactions. Examples £40,000 and £ 175,000 inserted and Example 3 removed. |
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Scope: What is chargeable: Is notification required. SDLT60 removed and £125,000 consideration removed. |
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Scope: How much is chargeable: Interaction with VAT. References to Customs & Excise changed to Revenue and Customs. |
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Scope: When is Stamp Duty Land Tax payable. Contract and substantial performance. Reference to SDLT60 removed. Reference to electronic notification added. |
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Calculation of stamp duty land tax: Deposit and loan arrangements. Rent figure changed from £600 to £1,000. |
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Calculation of stamp duty land tax: Rent: Rate thresholds. Note added about current temporary £ 175,000 threshold. |
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Variation of Leases: Reducing the term. Reference to SDLT60 removed. Reference to £40,000 notification threshold added. |
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Reliefs : Group Tax Bulletin: How to claim group relief. References to electronic notification added. |
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Reliefs: Group Tax Bulletin: Enquiries involving group relief claims. SDLT5E added. |
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Reliefs: Crofting community right to buy. £ 150,000 amended to £175,000. |
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Reliefs: Miscellaneous Provisions. Relief codes amended to code 28. |
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Application: Trusts and Powers. References to self- certification removed. |
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Application: Transfers between pension funds. Note added reference notification of linked transactions. |
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Procedure: Duty to deliver a land transaction return form. Section re-written. |
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Procedure: Registration of land transactions. Section on self-certification removed. |
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Procedure: Adjustment. Uncertain consideration section amended. |
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Procedure: Further land transactions where relief is withdrawn: Section re-written. |
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Processing: Which form should be used to notify your transaction. Section re-written. |
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Processing: Form SDLT12/12A: Request for payment of underpaid tax. Section re-written. |
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Compliance: Duty to deliver the land transaction return form. Customs and Excise amended to Revenue and Customs. |
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Compliance: Compliance and stamp duty land tax. Reference to self-certificate removed. |
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Compliance: HMRC Powers. Customs and Excise amended to Revenue and Customs. |
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Compliance: Liaison. Customs and Excise amended to Revenue and Customs. |
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Compliance: Enquiries. Reference to self- certificate removed. |
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SDLTM81020 |
Compliance: Enquiries into self-certificates. Section removed. |
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Lease: Contents. Page updated to include details of newly published Scottish Lease chapter |
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Introduction: Scope of manual. Page amended to refer to England, Wales and NI only. |
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SDLTM17600 - 19600 |
Scottish Lease Chapter. New guidance published on Scottish Lease transactions. |
