Stamp Duty Land Tax

Question 1

How many calendars days within completion of buying/leasing land in the UK must a person send their SDLT return (and if applicable, pay it) to HMRC?

Answer 1

14 calendar days

Question 2

Is SDLT based on the VAT inclusive or exclusive amount of the purchase price of land?

Answer 2

Inclusive

Question 3

If someone already owns residential property and buys an additional one, an additional __ is added to each residential tax band

Answer 3

3%

Question 4

For a grant of a new lease, SDLT is usually payable on the ________ ______ of the lease known as the lease ________ and the value of _____ payable over the _____ of the lease

Answer 4

purchase price, premium, rent, term

Question 5

The value of the rent payable over the term of the lease is known as the what?

Answer 5

Net present value

Question 6

Is the SDLT payable on lease premium and net present value calculated together or individually?

Answer 6

Individually