C1C2C3Part 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)

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—

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 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 and 6H of Schedule 4A (higher rate: alternative finance arrangements) 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).