SDLTM50200 | Procedure: Registration of land transactions FA03/S79

FA03/S79 provides that no notifiable land transaction, and no document evidencing or effecting such a transaction, can be registered at

• HM Land Registry

• Registers of Scotland

• the Land Registry of Northern Ireland or the Registry of Deeds for Northern Ireland

unless

• a Revenue certificate, form SDLT5 or SDLT5(E), is issued by HM Revenue & Customs evidencing the submission of a duly completed land transaction return.

The certificate must accompany the relevant application to enable the land transaction to be registered at the appropriate registry.

All purchasers have a duty to keep and preserve for at least six years after the effective date of the transaction such records as may be needed to enable them to deliver a correct and complete land transaction return or certificate.

FA03/SCH10/PARA9 applies to land transaction returns.

These paragraphs provide for penalties to be charged for any failure to keep records. See SDLTM85900+.

HM Revenue & Customs may enquire into any land transaction return by virtue of FA03/SCH10/PARA12 . See SDLTM80010+.