Use the SDLT3 form when the transaction involves more than one property. Fill in form SDLT1 and SDLT3 for each additional property. This note provides practical guidance on completing stamp duty land tax form SDLT1. Free Practical Law trial. To access this resource, sign up for a free, day. Press release from Inland Revenue – Form SDLT 1 – Land Transaction Return ( Inland Revenue)to be made available on the web.
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SDLT – Form SDLT 1 to be available on the web – press release (Inland Revenue) | Practical Law
Some land and property transactions do not need a SDLT returnincluding:. If vendor 1 is a limited company enter the address of the registered office. fofm
For should only use letters, numbers and spaces in the description. Question 36 – surname or company name You must answer this question. Additional supplementary returns Question 72 – how many supplementary returns have you enclosed with this return?
A National Insurance number will look something like this, QQ 12 34 56 A and can be found on firm from work or any letter from the Department for Work and Pensions or Jobcentre plus.
Guide to completing form SDLT1
If the name of vendor 2 is longer than this, use abbreviations. Question 20 – annual starting rent inclusive of VAT actually payable You must answer this question if you entered code A or L at question 2. If the rent-free period is more than 99 months, enter If there is not a postal address then a separate plan of the land is required including the dimensions and full description of the boundaries.
You must include a foorm local authority code or HMRC ssdlt1 reject your return.
How to complete your Stamp Duty Land Tax SDLT1 paper return
Declaration Question 73 – declaration Signing the form for a client You may complete the return on behalf of a client but the purchaser is responsible for the information given in the SDLT return and in any supplementary forms or schedules.
Send it to the Land Registry with your application for registration. For linked transactions, tax on a premium is based on the total entered at question Question 30 – title number, if any If the property is registered give the title number.
This ssdlt1 be within 30 days of the date on the penalty notice. Include details of the UTRNthe address or description of the land, and full contact details for any enquiries. This publication is available at https: Question 51 – second part Answer this question only if you did not answer question 49, 50 or the first part of Who can sign the form for a client?
Question 27 – where more than one property is involved, do you want a certificate for each property?
It should not include rent or premium on the grant of a new lease if you answered L at question 2 – enter values in whole pounds sterling. If this transaction is linked to the grant of any other lease, only enter the premium for this lease. The electronic SDLT5 certificate shows details of the first property address for any transaction. fotm
Guide to completing form SDLT1 | Practical Law
If the name of purchaser 1 is longer than the space provided, please use abbreviations. When the system tells you that you cannot add any more, give the additional details on a separate schedule for each additional property, seller or buyer and include the UTRN. Different rules apply to different parts of the UK England, Wales and Northern Ireland – use foorm F for an acquisition of any freehold interest in land where no lease is involved Scotland – use code F for every acquisition of ownership of land except where the freehold or ownership of land is subject to a lease, in which case code A applies.
But if other types of consideration are involved in this transaction, you can sd,t1 up to 4 different types of consideration. Enter here the total of these calculations in respect of all linked leases. Published 28 November Use a separate row for each line of the address making sure the house or building number and postcode are entered in the relevant fields. Use a separate row for each line of the address to make sure the house or building number and postcode are entered in the relevant fields.
Make sure the number you provide is a valid VAT registration number, it should:. For Northern Ireland enter the folio number. If you answered the second part question 51 you also need to answer the third part of question Enter the surname family name or the company name of purchaser 2.
This rule is modified where the purchaser is one of the following: Where purchaser 2 is a bare trustee – a trustee with no independent authority acting on behalf of a beneficial owner, enter the beneficial owner. The Sdllt1 certificate must be presented when applying for registration of the title or documents. Question 7 – is any land exchanged or part-exchanged? Enter the DX number on the first line and enter the exchange location followed by the exchange number on the second line, for example:.
If the transaction involves more than properties, complete a separate schedule for the rest of the properties. Question 28 – address or situation of land You must answer this question. It will take only 2 minutes to fill in. Question 19 – rent-free period You must answer this question if you entered code A or L at sdtl1 2. Question 71 – is purchaser 2 acting as a trustee?
For an individual who does not have a permanent National Insurance number, enter one of the following:. To help us improve GOV. Question 50 – VAT registration number If you did not answer question 49 sxlt1 must answer 50 or Wdlt1 information is available about: Do not enter the break point or review date. Question 46 – vendor 2 surname or company name You must answer this question if there is more than one vendor.