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HMRC internal manual

Compliance Handbook

From
HM Revenue & Customs
Updated
, see all updates

Record Keeping: What records must be kept: Stamp duty land tax general requirements

As well as having to comply with record-keeping obligations for other taxes and duties, a person needs to keep records specific to any land transaction.

Stamp duty land tax

In connection with a land transaction, a person who is a purchaser must keep such records as may be needed to be able to deliver a correct and complete return including

  • relevant instruments relating to the transaction, in particular, any contract or conveyance, and any supporting maps, plans or similar documents
  • records of relevant payments, receipts and financial arrangements.

Records not required to be kept

From 1 April 2010 HMRC can make regulations that may

  • specify the records and supporting documents that must be kept
  • specify the records and supporting documents that need not be kept
  • make different provisions for different cases, and
  • specify records by way of a notice.

We have not made any such regulations yet for stamp duty land tax.

FA03/SCH10/PARA9

FA09/SCH50/PARA5