Part 4

Stamp duty land tax

Liability for and payment of tax

Payment of tax
86
1
Tax payable in respect of a land transaction must be paid not 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—
za
any of paragraphs 5G to
5L
of Schedule 4A (higher rate for certain transactions),
zb
Part
3
of Schedule 6C (relief for
special 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), ...
ba
Part 1 of Schedule 7A (PAIF seeding relief),
bb
Part 2 of Schedule 7A (
co-ownership scheme
seeding relief), or
c
Schedule 8 (charities relief),
must be paid not later than the filing date for the return relating to the withdrawal (see section 81).
2A
Tax payable as a result of a withdrawal of relief under any of paragraphs 6D, 6F, 6G
, 6H and 6I
of Schedule 4A (higher rate: alternative finance arrangements)
or under Part 3 of Schedule 6C (relief for
special 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), ...
b
paragraphs 39 and 40 of Schedule 10 (postponement of payment pending determination of appeal) , and
c
regulation 31 of the Co-ownership Contractual Schemes (Tax) Regulations 2025 (withdrawal of seeding relief: application to postpone payment of tax where appeal against relevant decisions).
5A
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).
Pt. 4 wholly in force at Royal Assent subject to Sch. 19, see s. 124, Sch. 19 para. 1(1)
Pt. 4 construed as one with S.I. 2006/575, reg. 43 (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 43(4)
Pt. 4 modified (coming into force at 2 p.m. on 6.12.2006) by The Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2006 (S.I. 2006/3237), regs. 1, 2, Sch.
Words in s. 86(1) substituted (with effect in accordance with s. 80(9) of the amending Act) by Finance Act 2007 (c. 11), s. 80(6)(a)
Words in s. 86(2) substituted (with effect in accordance with s. 80(9) of the amending Act) by Finance Act 2007 (c. 11), s. 80(6)(b)
S. 86(5A) inserted (with effect in accordance with Sch. 61 para. 29(2)(c) of the amending Act) by Finance Act 2009 (c. 10), Sch. 61 para. 26
Pt. 4 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 194(8)-(12)
S. 86(2A) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by Finance Act 2013 (c. 29), Sch. 40 para. 6
Pt. 4 applied (17.7.2014) by Finance Act 2014 (c. 26), ss. 223(8)(9)(d)
S. 86(2)(ba)(bb) inserted (with effect in accordance with Sch. 16 para. 15 of the amending Act) by Finance Act 2016 (c. 24), Sch. 16 para. 8(b)
Word in s. 86(2)(b) omitted (with effect in accordance with Sch. 16 para. 15 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 16 para. 8(a)
S. 86(2)(za) inserted (with effect in accordance with s. 46(10) of the amending Act) by Finance Act 2019 (c. 1), s. 46(6)
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))
Pt. 4 modified (temp.) (10.6.2021) by 2020 c. 15, s. 1A (as inserted by Finance Act 2021 (c. 26), s. 87(3))
Word in s. 86(2)(za) substituted (with effect in accordance with s. 89(4) of the amending Act) by Finance Act 2021 (c. 26), Sch. 17 para. 5(2)
Words in s. 86(2A) substituted (with effect in accordance with s. 89(4) of the amending Act) by Finance Act 2021 (c. 26), Sch. 17 para. 5(3)
S. 86(2)(zb) inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 23 para. 6(a)
Words in s. 86(2A) inserted (10.6.2021) by Finance Act 2021 (c. 26), Sch. 23 para. 6(b)
Words in s. 86(2)(zb) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 6
Words in s. 86(2A) substituted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 23 para. 6
Pt. 4 modified (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 28, 30 (with reg. 63)
Pt. 4 applied (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 29(2)(5) (with reg. 63)
Words in s. 86(2)(bb) substituted (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 58(4)(a) (with reg. 63)
Word in s. 86(5)(a) omitted (19.3.2025) by virtue of The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 58(4)(b)(i) (with reg. 63)
S. 86(5)(c) and word inserted (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 58(4)(b)(ii) (with reg. 63)