HMRC SDLT: Stamp Duty Land Tax Reliefs and Required Land Transaction Returns

Stamp Duty Land Tax Relief Claims

There are several scenarios where transactions can be wholly or partially relieved from Stamp Duty Land Tax (SDLT). These reliefs require a land transaction return and are subject to specific conditions and guidance. Below are key points on some of the available reliefs.

  • First-time buyers can claim relief under FA03/S57B and FA03/SCH6ZA, reducing their SDLT liability.
  • Transfers involving multiple dwellings are covered under FA03/S58D and FA03/SCH6B, though this relief ends on 1 June 2024.
  • Compulsory purchases for development purposes are eligible for relief under FA03/S60.
  • Group relief, reconstruction, or acquisition relief is available under FA03/S62 and FA03/SCH7.
  • Charities can benefit from relief under FA03/S68 and FA03/SCH8.
  • Alternative property finance arrangements, like land sold to financial institutions and leased back, are covered under FA03/S71A and S73.

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Stamp Duty Land Tax Relief: Understanding Chargeable Transactions

Stamp Duty Land Tax (SDLT) is a tax paid on land transactions in England and Northern Ireland. However, there are different situations where you may not have to pay the full amount of SDLT or may be eligible for a relief. This article explains the types of relief available and provides instructions on where to find further guidance on each type.

What is Chargeable?

In general, a chargeable transaction is one that is subject to SDLT. However, reliefs can apply in certain situations, leading to a reduced tax liability or even exemptions. Below are instances where relief is available, along with references for additional information:

  • First-time Buyers Relief
  • Certain Acquisitions of Residential Property
    • Relevant Sections: FA03/S58A and FA03/SCH6A
    • Further Guidance: See SDLTM21000+
  • Transfers Involving Multiple Dwellings
    • Relevant Sections: FA03/S58D and FA03/SCH6B
    • Further Guidance: See SDLTM29900+ (Note: This relief will be removed after 1 June 2024)
  • Compulsory Purchase for Development
    • Relevant Sections: FA03/S60
    • Further Guidance: See SDLTM22000+
  • Compliance with Planning Obligations
    • Relevant Sections: FA03/S61
    • Further Guidance: See SDLTM22500+
  • Group Relief, Reconstruction or Acquisition Relief
    • Relevant Sections: FA03/S62 and FA03/SCH7
    • Further Guidance: See SDLTM23000+
  • Demutualisation of an Insurance Company
    • Relevant Sections: FA03/S63
    • Further Guidance: See SDLTM23500+
  • Demutualisation of a Building Society
    • Relevant Sections: FA03/S64
    • Further Guidance: See SDLTM24000+
  • Incorporation of Limited Liability Partnership
    • Relevant Sections: FA03/S65
    • Further Guidance: See SDLTM24500+
  • Transfers Involving Public Bodies
    • Relevant Sections: FA03/S66
    • Further Guidance: See SDLTM25000+
  • Reorganisation of Parliamentary Constituencies
    • Relevant Sections: FA03/S65
    • Further Guidance: See SDLTM25500+
  • Charities Relief
    • Relevant Sections: FA03/S68 and FA03/SCH8
    • Further Guidance: See SDLTM26000+
  • Acquisition by Bodies Established for National Purposes
    • Relevant Sections: FA03/S69
    • Further Guidance: See SDLTM26500+
  • Right to Buy Transactions and Shared Ownership Leases
    • Relevant Sections: FA03/S70 and FA03/SCH9
    • Further Guidance: See SDLTM27000+
  • Certain Acquisitions Made by Registered Social Landlords
    • Relevant Sections: FA03/S71
    • Further Guidance: See SDLTM27500+
  • Alternative Property Finance
    • Relevant Sections: FA03/S71A and S73
    • Further Guidance: See SDLTM28000+
  • Collective Enfranchisement by Leaseholders
    • Relevant Sections: FA03/S74
    • Further Guidance: See SDLTM28500+
  • Crofting Community Right to Buy

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