Stamp Duty Land Tax (SDLT) regulations
New Stamp Duty Land Tax (SDLT) regulations come into force on 1 April 2011. The new regulations change the information required in SDLT returns by substituting new SDLT1, SDLT3 and SDLT4 forms. The new forms are required in order to provide for changes to the online filing system for SDLT.
With effect from 4 July 2011, the use of the new forms will become compulsory and each lead purchaser will need to use a unique identifier. For individuals this will be their national insurance number and companies will be required to use either their UK Company or partnership Unique Taxpayers Reference (UTR) or their VAT registration number.
The new forms will be available on HMRC’s website from April 2011 and the legislation allows for the use of either the new or old versions of the forms from 1 April until 3 July.