When do i need to do an sdlt return

Ask a question. Related Content. It also covers other administrative and compliance issues, including return amendments, interest and penalties, HMRC checks and enquiries and rulings applications. In addition, it contains examples of how to complete land transaction returns for common transactions. Free Practical Law trial. To access this resource, sign up for a free trial of Practical Law. Free trial. If the purchaser is buying a property through a shared ownership scheme operated by an approved qualifying body such as a housing association or local authority, they can decide to either:.

The purchaser must file a land transaction return even if they do not need to pay any tax, unless the transaction is exempt from SDLT or from notification. You do not have to file a return if a land transaction is exempt from SDLT, such as where there is no chargeable consideration. A land transaction may also be exempt from notification, for example, where it is a grant of a lease for a term of less than seven years where the chargeable consideration does not exceed the zero-rate threshold.

Find out how to register. You can then submit SDLT returns online. It must include a valid local authority code and be signed by the purchaser. The deadline for paying the tax is the same as the deadline for filing the return: 14 days from the effective date of the transaction. If you filed a paper return, the UTRN is on the payslip at the back of the form.

There are several ways to pay. Payment methods include:. A tax-based penalty may also be imposed if the tax is not paid within 12 months of the filing deadline. Interest is charged on the amount owed. Find out more about penalties and interest. There are anti-avoidance rules contained in the SDLT legislation, notably the wide rules at section 75A, 75B and 75C of the Finance Act and the rules on linked transactions at section 55 of the Finance Act Read our practice note on disclosure of tax avoidance schemes.

Read the government's general anti-abuse rule guidance. Changes are usually introduced through the Finance Act each year. The level of that band marks the residential property value at which SDLT starts to be payable. Read the HMRC guidance on the temporary reduced rates. The revised rates take effect from 8 July and remain in effect until 31 March This has since been extended by the March Budget. Relief for first-time buyers was extended to purchases of qualifying shared ownership property where the purchaser chooses not to make a market value election but to pay SDLT in stages.

Relief will also apply to the rental payments. The time limit for claiming a repayment of SDLT was extended for buyers who pay the higher rate for additional dwellings HRAD on the purchase of a property which they intend to be used as a main home, and who later sell their previous main home.

You must have completed your property purchase by 30 September to qualify for the revised rates on Stamp Duty. However if you sell your previous main home within three years of buying your new home you might be able to apply for a refund of the higher SDLT rates you paid when you purchased your new home. Usually your solicitor will deal with the Stamp Duty return and any payment due for you, although you can do it yourself. MoneyHelper is the new, easy way to get clear, free, impartial help for all your money and pension choices.

Whatever your circumstances or plans, move forward with MoneyHelper. Download app: WhatsApp. For help sorting out your debts or credit questions. For everything else please contact us via Webchat or telephone. Got a pension question? Our help is impartial and free to use. Get in touch online or over the phone on Benefits if you have children Entitlements to help with the cost of pregnancy or bringing up children.

Benefits if you're sick, disabled or a carer Understand what support is available for coping with ill health. Benefits in later life You may be entitled for help with other costs on top of your State Pension. Problems with benefits What to do if something goes wrong with your benefits. Benefits All Benefits guidance. Tool Money Navigator. Money Manager.

Banking How to choose, use and manage bank accounts. Budgeting How to budget, find the best deals and switch to save money. Buying and running a car How to buy and finance a car, deal with problems with car finance, and cut running costs. Credit and purchases Credit basics, applying for credit, credit ratings and problems with credit.

Insurance Insurance for cars, health, travel, and help with insurance. Types of credit Store cards, credit cards, overdrafts, payday loans and illegal lending. Everyday money All Everyday money guidance. Tool Compare bank accounts. Budget Planner. Credit card calculator.

Couch to Financial Fitness. Becoming a parent Having a baby, returning to work, childcare costs. Death and bereavement Wills, inheritance, sorting out estates. Divorce and separation Sorting out money and homes, what if you have children, money after break ups. Illness and disability Managing costs, extra financial support, help with work or study.

Long-term care Paying and getting funding, ways to pay, problems with care. Student and graduate money Credit cards, bank accounts, student debts. Talk money Difficult conversations, talking to teenagers, older people and partners. Calculator Divorce calculator. Baby costs calculator. Buying a home Mortgages, help buying, remortgaging, first-time buyers, help and support.

Renting Renting a home to live in, renting out a home, and overcoming problems. Homes All Homes guidance. Calculator Stamp Duty calculator. Mortgage affordability calculator.

Mortgage calculator. Coronavirus Support with work, housing, loans and money. Dealing with debt Bills, court fines, help with debts. Money problems and complaints What to do about mis-selling, compensation and complaints. Money troubles All Money troubles guidance. Tool Debt advice locator. Money Navigator. Auto enrolment Introduction, how it works, all about contributions. Building your retirement pot How much do you need, ways to build your pot, transferring and merging.

Pension problems Complaints, financial help when retired, changes to schemes. Pensions basics Starting a pension, types of pension, understanding pensions. State Pension How it works, what you might get, National Insurance. Taking your pension Ways to draw your pension, when can you retire, Pension Wise appointments. Tax and pensions Tax allowances, tax paid on pensions, tax relief.

Appointment Book a Pension Wise appointment.