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HMRC internal manual

Stamp Duty Land Tax Manual

From
HM Revenue & Customs
Updated
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Processing: Further guidance for completing forms SDLT1, SDLT3 and SDLT4: Transactions that do not need to be notified

Transactions that do not need to be notified

Please note all reliefs must be claimed on the Land Transaction Return, form SDLT1, even if that relief means that the SDLT changeable is reduced to nil.

Transactions ‘exempt under schedule 3’ of the Finance Act 2003

  • no chargeable consideration for the transaction.
  • some leases granted by registered social landlords
  • some transactions connected with the break-up of marriage or civil partnership
  • some transactions after death
  • some variations of testamentary depositions

Acquisition of a major interest in land (other than the grant, assignment or surrender of a lease)

Total chargeable consideration (including any linked transactions) below £40,000.

Lease originally granted for a term of seven years or more

Grant of such a lease

Relevant rent under £1,000: any other chargeable consideration under £40,000

Assignment or surrender of such a lease

Chargeable consideration for the assignment or surrender below £40,000.

Lease originally granted for a term of less than seven years

Grant, assignment or surrender of such a lease

Chargeable consideration does not exceed the zero rate threshold

Alternative property finance

‘Further transactions’ that are exempt under section 71A(4) or 72A(4) of the Finance Act 2003 (see section 71A(7) and 72A (7))

Transfer of partnership interest

Transfers under paragraphs 14 or 17 of Schedule 15 to the Finance Act 2003 where consideration does not exceed the zero rate threshold.

Land Transaction that is not a major interest

All acquisitions where consideration does not exceed the zero rate threshold.