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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Enter the surname family name or the company name of the purchaser. Enter the appropriate local authority number. More information about linked transactions and connected persons is in SDLT for linked purchases and transfers. If the name of vendor 2 is longer than this, use abbreviations.
SDLT – Form SDLT 1 to be available on the web – press release (Inland Revenue) | Practical Law
You may wish to attach a plan. Thank you for your feedback. Question 57 – is purchaser 1 acting as a trustee? The selt1 Question 49 – National Insurance number of purchaser 1 You must answer this question if the purchaser is an individual who has a permanent National Insurance number.
This rule is modified where the purchaser is one of the following:. Use the table below to help you.
You can still amend your return after HMRC has started a compliance check but your amendment cannot take effect until after the check is finished. Question 8 – is the transaction pursuant to a previous option fform Question 51 – first part Non-individuals such as companies, partnerships and other organisations Enter one of the following: You must answer this question if you answered F, A or O at question 2.
If there are more than 2 purchasers you must complete a supplementary form SDLT2 for each additional purchaser not entered on the SDLT1 purchasers 3, 4, 5 and so on. To help us improve GOV.
Guide to completing form SDLT1 | Practical Law
The total should include: Answer this question if the agent does not have a DX document exchange address see question Question 19 – rent-free period You must answer this question if you entered code A or L at question 2. The tax calculation Question 9 – are you claiming relief? You must include a valid local authority code or HMRC will reject your return.
The amount of the penalty depends on how late you file your return.
Stamp Duty Land Tax online and paper returns
If there is no VAT leave blank. Guidance Stamp Duty Land Tax online and paper returns. Fill in an extra form for each lease. Do not answer this selt1 if there is no VAT registration number, leave this field blank and go to question Question 69 – purchaser 2 first name Answer this question if purchaser 2 is an individual. To help us improve GOV.
Enter the rent payable at either the effective date at question 4, or the rent start date, whichever is later. Question 12 – what form does the consideration take?
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
How to complete your Stamp Duty Land Tax SDLT1 paper return
You must answer this question if purchaser 1 is represented by an agent. If vendor 1 is a company or partnership, go to question Returns which do not include a valid code will be rejected.
You can appeal against a penalty if you could not file your return by the deadline because of an unusual event that was either unforeseeable or beyond your control. Online transactions that need extra forms The electronic SDLT5 certificate shows details of the first property address for any transaction.
If you did not answer questions 49 or 50 you must answer You cannot use photocopies of the SDLT1 return for different transactions. Check Stamp Duty Land Tax rates and thresholds.
Consideration other than cash must be valued at its full market value as at the effective date of the transaction. Some land and property transactions do not need a SDLT returnincluding:. HMRC will pay any refund to you unless you give permission to pay it to someone else for example, your solicitor or agent.