ABSTRACT
The Stamp Duty Land Tax Manual 86600 and 86620 refer to a reduction of up to 40" of the penalty if the taxpayer co-operates. The purchaser must deliver a Land Transaction Return (LTR) to Her Majesty's Revenue and Customs (HMRC) within 30 days of the effective date of a notifiable transaction, also referred to as the filing date. Since the introduction of Stamp Duty Land Tax (SDLT) on 1 December 2003, the administration of SDLT has been more codified with the introduction of a range of forms, guidance and additional returns. The appropriate form is SDLT 60, which is available from The Stationery Office (TSO) and from local land registry offices. Unlike the LTR, a self-certificate is not a unique form and it is acceptable to use photocopies of a blank. Since the amendment of s 80 Finance Act 2007 (FA 2007), it is not necessary for the return and payment to be delivered together.
