C1C2C3C4C5C6Part 4Stamp duty land tax

Annotations:
Modifications etc. (not altering text)
C3

Pt. 4 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 194(8)-(12)

C4

Pt. 4 applied (17.7.2014) by Finance Act 2014 (c. 26), ss. 223(8)(9)(d)

C5

Pt. 4 modified (temp.) (22.7.2020) by Stamp Duty Land Tax (Temporary Relief) Act 2020 (c. 15), s. 1 (as amended (10.6.2021) by 2021 c. 26, s. 87(2))

C6

Pt. 4 modified (temp.) (10.6.2021) by 2020 c. 15, s. 1A (as inserted by Finance Act 2021 (c. 26), s. 87(3))

Liability for and payment of tax

86I1Payment of tax

1

Tax payable in respect of a land transaction must be paid F1not later than the filing date for the land transaction return relating to the transaction.

2

Tax payable as a result of the withdrawal of relief under—

F7za

any of paragraphs 5G to F85L of Schedule 4A (higher rate for certain transactions),

F10zb

Part 3 of Schedule 6C (relief for F12special tax sites), other than in a case to which paragraph 11 of that Schedule (alternative finance arrangements) applies,

a

Part 1 of Schedule 7 (group relief),

b

Part 2 of that Schedule (reconstruction or acquisition relief), F6...

F5ba

Part 1 of Schedule 7A (PAIF seeding relief),

bb

Part 2 of Schedule 7A (COACS seeding relief), or

c

Schedule 8 (charities relief),

must be paid F2not later than the filing date for the return relating to the withdrawal (see section 81).

F42A

Tax payable as a result of a withdrawal of relief under any of paragraphs 6D, 6F, 6G F9, 6H and 6I of Schedule 4A (higher rate: alternative finance arrangements) F11or under Part 3 of Schedule 6C (relief for F13special tax sites) in a case to which paragraph 11 of that Schedule (alternative finance arrangements) applies must be paid not later than the filing date for the return relating to the withdrawal (see section 81ZA(1)).

3

Tax payable as a result of the amendment of a return must be paid forthwith or, if the amendment is made before the filing date for the return, not later than that date.

4

Tax payable in accordance with a determination or assessment by the Inland Revenue must be paid within 30 days after the determination or assessment is issued.

5

The above provisions are subject to—

a

section 90 (application to defer payment of tax in case of contingent or uncertain consideration), and

b

paragraphs 39 and 40 of Schedule 10 (postponement of payment pending determination of appeal).

F35A

The above provisions are also subject to paragraph 7 of Schedule 61 to the Finance Act 2009 (payment of tax where land ceases to qualify for relief in respect of alternative finance investment bonds).

6

This section does not affect the date from which interest is payable (as to which, see section 87).