Stamp duty land tax

Stamp duty land tax (SDLT) is a tax on land transactions. Land transactions are acquisitions of chargeable interests, ie legal or equitable interests in land located in England and Northern Ireland, for chargeable consideration (which has a particular meaning for SDLT purposes).

SDLT is charged as a percentage of the chargeable consideration on a progressive 'slice' system rather than a 'slab' basis. This means that the rates are charged on the portion of the chargeable consideration that falls within each rate band. In the case of leases, this includes any premium (usually a lump sum payment on the grant of a lease) and any rent.

Deadlines for:

•
notifying land transactions, and
•
paying SDLT

are supported by penalties and interest charges.

Land transactions are chargeable transactions unless they are exempt transactions or a relief from SDLT is claimed.

Notification of chargeable land transactions and payment of SDLT must be made within 14 days of the effective date (for transactions with an effective date on or after 1 March 2019 or for transactions that become notifiable on or after 1 March 2019) or 30

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