You must answer this question.
The following definitions apply:
01 Residential property is defined as:
However you must show as non-residential any transaction involving the transfer of a major interest in (or grant of a lease over) six or more separate dwellings.
02 Mixed property is where only part of the property is residential.
03 Non-residential property is where the whole of the property is not residential.
Note:
If you enter mixed or non-residential you must also complete form SDLT4.
You must answer this question.
The code in question 2 is needed to ensure that the right sections of the land transaction return have been completed. It is not used for any other purpose.
Code F must be used:
EXCEPT where the freehold or ownership of land is subject to a lease, in which case code A applies (see below).
Code L covers the grant of a new lease, including an overriding
lease, or of a replacement lease where a previous lease expired or ended for
any reason. In Scotland, it includes the exchange of missives of let, which
are not to be completed by the grant of a formal lease.
SDLTM15010 Variations of
leases are (with one exception, see below code O) land transactions
equivalent to the grant of a new lease and are to be allocated code
L. These include:
Code L covers all cases where tax is chargeable on the rental or premium element of a new lease. It is essential that you supply further information in the section headed "About Leases". See notes on questions 16 to 25 of SDLT1 in additional details for cases involving leases.
Code A must be used for all other transactions where there is a lease involved, including where consideration has been given for:
For code A it is essential that you supply further information in the section headed 'About Leases'.
Questions 16, 17, 18 19, 20 and 21 should be completed, but not questions 22, 23, 24 or 25.
See notes on questions 16 to 21 of SDLT1 in additional details for cases involving leases.
Code O includes all acquisitions of interests apart from those listed under A, F or L. Examples are:
Leave questions 16 to 25 blank for all transactions within code O.
For transactions within code O, you need only notify us of the acquisition if Stamp Duty Land Tax is chargeable at 1 per cent or more.
You must answer this question.
Select and enter the appropriate code.
FP Freehold, with vacant possession, in Scotland owner's
interest with vacant possession
FG Freehold, in Scotland ownership, subject to a long lease or leases each reserving a ground rent or nominal rent, for example, the acquisition of the freehold with ground rents from a block of flats let on 99 year leases at £50 per annum each
FT Freehold subject to a lease or tenancy to an occupier, for example, the acquisition of a freehold house subject to a tenancy or a shop subject to a lease to the occupier, in Scotland owner's interest subject to tenancy
LG Long leasehold at a ground rent or nominal rent with vacant possession for example, the acquisition of a vacant possession flat held on a 99 year lease at a ground rent of £50 per annum
LT Leasehold subject to a lease or leases to an occupier for example, the acquisition of the 99-year leasehold interest in a shop subject to a lease to the occupier
LP A lease to an occupier, for instance, with vacant possession and not at a ground rent or nominal rent, for example, the grant of a new lease of a shop to an occupier or the assignment of such a lease, in Scotland tenant's interest
OT All other interests, for example, in England and Wales and in Northern Ireland the acquisition of a share of any legal interest or the acquisition of an easement
You must answer this question
For the majority of purchases the effective date will be the completion date. In Scotland it will be the date of settlement of the sale or, in relation to a lease, the date when it is executed by the parties or is constituted by any means.
A contract may be 'substantially performed' before completion. Substantial performance occurs if:
In such circumstances the earlier date of substantial performance is the effective date that you must enter. You may also have an obligation to notify us once completion occurs. For advice on how to do this contact the Stamp Taxes Helpline.
Note: you must not post-date this entry.
You must answer this question.
If there are any unusual restrictions, covenants or conditions (historic or new) which have an effect on the value of the interest granted or transferred 20 or 22, answer 'Yes' and give a brief description. Use a maximum of 42 characters including spaces.
Examples: vendor right to buy back at less than MV; lease covenants restrict shop use; agricultural occupancy condition applies
Note: only use letters numbers and spaces in your description. Avoid
all use of punctuation or any other kind of symbol.
If there are none, answer 'No' and leave the remainder of the question blank.
Whether or not the transaction has gone to completion or settlement, enter the date of the contract or agreement for sale or lease. In Scotland this includes the date of the conclusion of missives.
Do not complete this question if there was no prior agreement, for example, for the grant of a lease.
You must answer this question.
If you have given the vendor, in exchange for the interest in land you have acquired, another interest in land, answer 'Yes' to this question and give the address, including the postcode, if any, of the land given in exchange or part-exchange.
The other side of the exchange will be a separate land transaction. Note that:
If you answer 'No', then the remainder of the question must be left blank.
You must answer this question.
If the purchaser had previously entered into an option to acquire an interest in or right over the land and this transaction results from that option being exercised, answer 'Yes'. If not, answer 'No'.
Note: if the option was originally granted in return for consideration you may also need to make a return under Section 81A Finance Act 2003. For advice on this please telephone the Stamp Taxes Helpline.
