Scope: when is Stamp Duty Land Tax (SDLT) chargeable: higher rate charge for acquisitions of residential property by certain non-natural persons FA03/S55/SCH4A: further returns when withdrawal conditions apply FA03/S81
Where SDLT at the standard rates was paid on the acquisition, because the relevant conditions were met, and the withdrawal provisions are to apply, a further return must be made within 30 days of the date when the relevant conditions were first not met.
The further return must be made in the form of a letter to the Stamp Taxes at this address. It must include the UTRN of the original return and a self assessment of the tax now due. A cheque for this amount should be sent with the letter. The effective date of the further return for notification, penalty and interest purposes is the date on which the relevant conditions were first not met.
The provisions of FA03/SCH10 apply to a further return in the same way as they apply to a land transaction return submitted under FA03/S76, except that references to the effective date of the transaction shall be read as being to the date on which the relevant conditions were no longer met.