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SDLT filing and payment time limits halved – don’t miss the new deadlines

From 1 March 2019 the timescales for submitting a Stamp Duty Land Tax (SDLT) return and making the necessary payments to HMRC will be halved.

The time limit to file a Stamp Duty Land Tax (SDLT) return and pay the tax due will reduce from 30 days to 14 days from 1 March 2019. Buyers of commercial and residential property need to be aware. The obligation primarily falls on the taxpayer. For residential purchases there are obligations in relation to SDLT in the UK Finance Handbook.

Further information about the changes can be found on the government website.

The government confirmed this change in the Autumn Budget 2017. The Finance Act 2019 includes the primary legislative amendments to Finance Act 2003 to implement the changes. The change will be introduced via a statutory instrument which is now available for final review (Stamp Duty Land Tax (Administration) (Amendment) Regulations 2018). These amendments will reduce the time limit for filing a SDLT return to 14 days, in relation to transactions that are or become notifiable. Therefore, revisions will be made to:

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