SDLTM50290 - Further Returns - Overview
There are various circumstances where the purchaser may need to submit a ‘further return’ to HMRC, which follows the original land transaction return:
Uncertain consideration is ascertained – See SDLTM50300 onwards
Later linked transactions – See SDLTM50350
Various reliefs are later withdrawn – See SDLTM50400
Reliefs in respect of alternative property finance arrangements are later withdrawn – See SDLTM50410
Leases continuing after a fixed term – See SDLTM50450
The variation of a lease to increase rent in the first 5 years – See SDLTM15010
Leases for indefinite terms – See SDLTM50550
Relief for transfers involving multiple dwellings, where the number of dwellings is reduced – See SDLTM29965
An additional land transaction return will also be required on completion, following substantial performance. This is a separate notifiable transaction, not a further return – See SDLTM50250 onwards.
Filing obligations, and HMRC’s compliance powers
The guidance pages above provide further information about when a further return may be required, the relevant filing obligations and HMRC’s compliance powers in relation to further returns.
Broadly, Sch10 FA03 (SDLT returns, enquiries, assessments and appeals) applies to further returns as it does to original land transaction returns, with minor modifications, detailed in the specific guidance, indicated above.
HMRC’s information and inspection powers allow HMRC to check whether relief that has been claimed has become excessive, or whether the relief must be withdrawn to any extent. See CH23530 for full details.