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 at the same time that a land transaction return is made in respect of the transaction.
2
Tax payable as a result of the withdrawal of relief under—
a
Part 1 of Schedule 7 (group relief),
b
Part 2 of that Schedule (reconstruction or acquisition relief), or
c
Schedule 8 (charities relief),
must be paid at the same time that a return is made in respect of the withdrawal (see section 81).
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).
6
This section does not affect the date from which interest is payable (as to which, see section 87).