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The Stamp Duty Land Tax (Administration) (Amendment) Regulations, SI 2018/1319, reduce the time limit for filing an SDLT return and paying the tax due from 30 days to 14 days with effect from 1 March 2019, in circumstances where an application has been made to defer the payment of tax, such as where the purchase price of the land is uncertain or contingent.

The regulations also provide revised versions of forms SDLT3 (additional details about land) and SDLT4 (additional details about the transaction, including leases).

Primary legislation for the changes is included in Finance Bill 2019 cl 45. HMRC consulted during November on a draft version of these regulations.

Issue: 1425
Categories: News , Stamp taxes