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STATUTORY INSTRUMENTS
2006 No. 776
STAMP DUTY LAND TAX
The Stamp Duty Land Tax (Administration) (Amendment) Regulations 2006
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Made |
15th March 2006 | |
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Laid before the House of Commons |
16th March 2006 | |
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Coming into force |
17th April 2006 | |
The Commissioners for Her Majesty's Revenue and Customs make the following Regulations in exercise of the powers conferred by section 113(2) of, and paragraph 2 of Schedule 11 to, the Finance Act 2003[1], and now exercisable by them.
Citation and commencement
1.
These Regulations may be cited as the Stamp Duty Land Tax (Administration) (Amendment) Regulations 2006 and shall come into force on 17th April 2006.
Amendment of the Stamp Duty Land Tax (Administration) Regulations 2003
2.
—(1) The Stamp Duty Land Tax (Administration) Regulations 2003 ("the principal Regulations")[2] are amended as follows.
(2) For Schedule 1 (which sets out the form of a self-certificate in respect of a land transaction) substitute the form set out in the Schedule to these Regulations.
Transitional provision
3.
In relation to forms delivered before 16th April 2007, the requirement to deliver a self certificate in the form prescribed by Schedule 1 to the principal Regulations containing the information required by that form, is satisfied by delivering a certificate—
(a) on the form prescribed in the Schedule to these Regulations containing the information required by that form, or
(b) on the form formerly prescribed by Schedule 1 to the principal Regulations containing the information required by that form.
David Varney
Mike Eland
Two of the Commissioners for Her Majesty's Revenue and Customs
15th March 2006
SCHEDULERegulation 2(2)
Certificate that no Land Transaction Return required
Click here to view form 1 of 2
Click here to view form 1 of 2
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations provide a new form SDLT 60 (a "self-certificate" within the meaning of Schedule 11 to the Finance Act 2003) in connection with land transactions for the purposes of stamp duty land tax.
Regulation 1 provides to the citation and commencement of these Regulations.
Regulation 2 substitutes a new form SDLT 60 for that previously prescribed by Schedule 1 to the Stamp Duty Land Tax (Administration) Regulations 2003 (S.I. 2003/2837).
Regulation 3 makes transitional provision, saving the validity of the previous form of self-certificate so that such a document may be delivered to HM Revenue & Customs at any time before 16th April 2007.
These Regulations do not impose new costs on business. Nor do they involve additional costs to the Exchequer.
Notes:
[1]
2003 c. 14. The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty's Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50 of that Act provides that insofar as it is appropriate in consequence of section 5 a reference, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty's Revenue and Customs.back
[2]
S.I. 2003/2837. There are amendments which are not relevant for present purposes.back
ISBN
0 11 074326 1
| © Crown copyright 2006 |
Prepared
21 March 2006
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