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Stamp Taxes Bulletin 2/2011
The Stamp Taxes Bulletin 2/2011 has now been published under Technical Guidance.
Getting the SDLT return right first time
Stamp Taxes have produced some additional guidance to help you complete
the new SDLT1 forms correctly.
SDLT multiple dwellings transfers - new relief code
A new relief code has been introduced which you need to use for
transactions involving multiple dwellings. This follows new legislation
announced in Budget 2011. To claim the relief you'll need to enter relief
code 33 in the SDLT return.
Stamp Taxes - scheduled maintenance 8 October 2011 - 11 October 2011
The online service will not be available from Saturday 8 October 07.00 to Tuesday 11 October 06.00, please see the service availability pages. Commercial software customers will be affected for a shorter period but may experience a delay in receipts.
Statutory
Instrument: SI 2205 and Explanatory Memorandum (Opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (Cassa Di Compensazione E Garanzia
S.p.A.) Regulations 2011.
Stamp Duty Land Tax: relief for transfers involving multiple dwellings
Following Royal Assent, SDLT relief for multiple dwellings has been enacted.
This was announced at Budget 2011 and applies to transactions where the effective
date is on or after 19 July 2011. The SDLT manual will be updated shortly.
SDRT - Collective Investment Schemes:
Exemption for investments in underlying schemes (PDF 37K)
This newsletter covers the changes made to Schedule 19 of the Finance Act
1999 by Section 84 of the Finance Act 2011 – the circumstances in which
interests in underlying collective investment schemes are classed as exempt
investments.
Stamp Taxes Bulletin - 1/2011
The Stamp Taxes Bulletin - 1/2011 has now been published under Technical Guidance.
SDLT has changed
You must use the new style Stamp Duty Land Tax (SDLT) forms and supply a unique
identifier. HM Revenue & Customs will reject all old style forms and any
new style forms where essential information is missing. Changes affect both
online and paper returns.
Filing SDLT returns 25 June 2011
- 4 July 2011
Changes are being made to the SDLT IT system and you will not be able to submit
online returns from 25 June 2011 - 4 July 2011 as the system is being shutdown
whilst changes are made and tested.
Stamp Duty Land Tax: relief for transfers
involving multiple dwellings
Draft guidance regarding relief for transactions which include the acquisition
of interests in more than one dwelling. This was announced at Budget 2011
and applies to transactions where the effective date is on or after the date
of Royal Assent to the Finance Bill.
Get ready for SDLT changes
Details how from 4 July 2011 customers must use new style Stamp Duty Land
Tax forms SDLT1, SDLT3 and SDLT4.
Stamp Duty Land
Tax Manual - update to guidance
The Stamp Duty Land Tax Manual has been updated include details of the 5 per
cent rate.
Statutory
Instrument: 2011/1085 and Explanatory Memorandum (Opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (SIX Swiss Exchange AG)(Recognised
Foreign Exchange) Regulations 2011.
New SDLT return forms available
The new Stamp Duty Land Tax (SDLT) return forms are now available and can
be used from now on.
Statutory
Instrument 2011/670 and Explanatory Memorandum (opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (SIX X-CLEAR AG) Regulations 2011.
Statutory
Instrument 2011/669 and Explanatory Memorandum (opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (LCH.Clearnet Ltd) Regulations 2011.
Statutory
Instrument 2011/668 and Explanatory Memorandum (opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (European Multilateral Clearing
Facility NV) Regulations 2011.
Statutory
Instrument 2011/667 and Explanatory Memorandum (opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (European Central Counterparty Ltd)
Regulations 2011.
Statutory
Instrument 2011/666 and Explanatory Memorandum (opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (Eurex Clearing AG) Regulations
2011.
Statutory
Instrument 2011/665 and Explanatory Memorandum (opens new window)
The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing
Houses) (Revocation) Regulations 2011.
Stamp Duty Land Tax (SDLT) on residential
transactions where chargeable consideration exceeds £1 million
Information about when the new five per cent rate of SDLT applies to £1
million residential properties.
Stamp
Taxes - scheduled maintenance 3 April 2011 - 6 April 2011
Due to scheduled maintenance Stamp Taxes online service will not be available
from Sunday 3 April 08:00 through to Wednesday 6 April 06:00. Commercial software
customers will be able to file returns but may experience delays.
Budget - March 2011
The Chancellor's budget measures including any affecting Stamp Taxes will
be published on 23 March 2011 within the HMRC Budget page.
Stamp Duty Land Tax is changing
Details the new identification details now required to make an SDLT return.
Eurobonds and CREST Depository Interests
This newsletter follows up Euroclear UK and Ireland ('Euroclear') Operational
Bulletins numbers 1649 (27 January 2010) and 1732 (10 December 2010).
Stamp Duty Land Tax
Manual - updates to guidance
Partnership guidance in the SDLT manual has been updated - 3 March 2011.
Section 75A Finance Act 2003
New advice has been published to help in working out how S.75A FA 2003 applies
to Stamp Duty Land Tax liability.
Stamp Duty Land Tax
Manual - latest update to guidance
The SDLT Manual has been updated with minor amendments to some calculations.
Change in information required to make an SDLT
return
A Statutory Instrument has been laid to change the information required in
SDLT returns.
Statutory
Instrument: SI 455 and Explanatory Memorandum (Opens new window)
The Stamp Duty Land Tax (Administration) (Amendment) Regulations 2011
