ABSTRACT
Each payment must be accompanied by a return, these returns are treated as Land Transaction Return (LTR) and the rules in Schedule 10 to Finance Act 2003 (FA 2003) apply. No agreement can be reached if, within 30 days from when the agreement was made, the appellant gives notice in writing that they wish to withdraw from the agreement. It is open to the Commissioners, having received an application in writing by the appellant, to postpone payment of Stamp Duty Land Tax (SDLT) until after the appeal has been determined. On determination of the appeal, SDLT becomes payable once Her Majesty's Revenue and Customs (HMRC) issue a notice of the total amount payable in accordance with the determination. Under certain circumstances, an application which has been accepted by HMRC may have no effect. This is both for the purposes of Part 4 of FA 2003 and the Regulations.
