Laserform - info-page for SDLT forms

HMRC Guidance for completing form SDLT1

What's New

6 October 2015
Laserform Hub is revolutionising the legal forms market. Currently in use for customers submitting mortgage filing to Companies House, contact us about SDLT and Land Registry submissions in the next phase.

4 December 2014
The Chancellor's Autumn Statement announced a major reform of SDLT for residential property transactions. With effect from today the structure, rates and thresholds are changed. The new rates apply to purchases of residential property completed on or after 4 December 2014. SDLT rates are now only payable on the portion of the property value which falls within each band. Transitional rules apply where contracts are exchanged before 4 December but the transaction completes on or after that date - buyers can choose to pay SDLT under the old rules or the new rules. View HMRC's simple factsheet here.

November 2014
The latest HMRC Stamp Taxes Bulletin contains guidance on avoiding the most common errors in completing SDLT forms, and also a restatement of the treatment of trees growing on land for SDLT purposes. View the bulletin here.

There will be changes to SDLT esubmissions for next April This is related to devolution of this tax in Scotland which takes effect from April 2015. For England and Wales this will be a small change to remove the local authority codes for Scotland from the list of available codes. More information will be available nearer the time.

Renewable Energy and SDLT HMRC has issued guidance on the SDLT position where air space or roof space is leased for the use of solar panels. The contractual right given to the landlord to use the electricity generated is consideration for SDLT purposes. The amount of chargeable consideration is the market value of the right at the effective date of the transaction. It is the responsibility of the taxpayer to establish the market value and make any necessary return in the appropriate manner. View the bulletin here.

New numbers for HMRC Stamp Taxes - the SDLT Helpline number has changed; the new telephone number is 0300 200 3510. HMRC Stamp Taxes fax number is 0121 643 7538.

HMRC published a note on the decision of the Court of Appeal in the cases of The Pollen Estate Trustee Company Limited and Kings College London v HM Revenue & Customs (HMRC). This relates to SDLT relief when a charity purchases property jointly with another person who is not a charity. Read the note here.

Laserform SDLT eSubmisssions latest version is 1.1.6. If you are using an older version you should upgrade as soon as possible.

HMRC introduced two new SDLT relief codes for use from 1 July 2013.

NEW SDLT RELIEF CODES:

CODE 34 (TRANSFER OF RIGHTS)

CODE 35 (15% RELIEF)

You will need to upgrade to at least Laserform version 9.6 on any machines which use SDLT eSubmissions. If you are not already using at least Laserform V9.6 you should upgrade to the latest version (V9.7). Your Laserform users within the practice will also benefit from the latest features in Laserform once you have upgraded.

If you also need to upgrade Laserform, contact our Technical Support team by telephoning 03300 602102 or email Laserform helpdesk -you can upgrade Laserform at any time for no additional cost.

DUPLICATE SUBMISSIONS
If your SDLT return does not go through successfully initially, do not resubmit the same return again. Submissions can get delayed, for example by scheduled maintenance work at HMRC or due to issues with your own internet connection. If you contact Laserform we will help you to investigate the problem. Do not try to resubmit the same return.

A new relief code for Multiple Dwelling Relief is available, see the LIS Bulletin for details. You can also access HMRC guidance on Multiple Dwelling Relief here.

Filling in the forms