CH12600 - 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.