EFIS 45, November 2003 : Conveyancing

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From 1 December 2003, Stamp Duty Land Tax (SDLT) replaces existing Stamp Duty for UK land and buildings transactions, and a Land Transaction Return (SDLT1) will be required for all transactions completed on or after that date.

SDLT1 is the main Land Transaction Return form, which must be completed for all transactions and will apply to the majority of residential conveyances.

The other forms supplement SDLT1 in a variety of difficult situations.

SDLT2 should be used where there are two or more vendors or purchasers.

SDLT3 should be used where the transaction involves several properties and more information is needed to identify them.

SDLT 4 should be used to provide additional details concerning a transaction where a purchaser may be a company or the land forms part of the sale of a business or lease.

SDLT6 is a set of guidance notes, which are designed to help practitioners complete the Land Transaction Return.

Each Oyez Land Transaction Return will require a unique reference number to be keyed onto the form. This unique reference number should be obtained directly form the Inland Revenue Stamp Office, in the form of a payslip. These payslips need to be ordered from the Stamp Office Orderline on 0845 302 1472, quoting reference PS1/SDLT. Orders will not be processed before the 17th November 2003.

We are currently waiting for the Inland Revenue to approve our forms. Once approval has been granted we will endeavour to make the forms available to our customers before 1st December. However, in the meantime, please order your payslips directly from the Stamp Office.

Please note that there are NO SDLT forms to import as a result of this particular EFIS. The SDLT forms will be released on a subsequent EFIS.

Forms affected

LREX2	Application for official copy of an exempt information document	New/Amended
LRCIT	Application in connection with court proceedings, insolvency and tax liability	New/Amended
LRHC1	Application for copies of historical edition(s) of the register/title plan held in electronic form	New/Amended
LRPN1	Application for a search in the Index of Proprietors' Names	New/Amended
LROS1	Application by purchaser for official search with priority of the whole of the land in a registered title or a pending first registration application.	New/Amended
LROS2	Application by purchaser for official search with priority of part of the land in a registered title or a pending first registration application	New/Amended
LROS3	Application for official search without priority of the land in a registered title	New/Amended
LROC1	Application for official copies of register/plan or certificate in Form CI	New/Amended
LROC2	Application for official copies of documents only	New/Amended
LRSIF	Application for an official search of the index of relating franchises and manors	New/Amended
LRSIM	Application for an official search of the index map	New/Amended
LRMH3	Application by mortgagee for official search in respect of matrimonial home rights	New/Amended

Crown copyright forms are reproduced with the permission of the Controller of the Stationery Office. Law Society forms are reproduced with the permission of the Law Society. Legal Aid Forms are produced with the permission of the LSC.