Within what time limit must a Land Transaction Return be submitted to HMRC in respect of the purchase and SDLT paid?

Within what time limit must a Land Transaction Return be submitted to HMRC in respect of the purchase and SDLT paid?

• A. 7 days of completion
• B. 14 days of completion
• C. 30 days of completion
• D. On completion

Answer: (B)

The main idea is the deadline for reporting a land transaction to HMRC when SDLT is paid. You must file the Land Transaction Return within fourteen days of completion—that is, within 14 days after the date the transaction completes and ownership passes. The SDLT payment is also due within that same 14-day window. This tight deadline ensures HMRC is promptly informed of the transaction and the tax due. Missing the 14-day limit can lead to penalties, so the return is typically submitted electronically as part of the SDLT filing process.

The main idea is the deadline for reporting a land transaction to HMRC when SDLT is paid. You must file the Land Transaction Return within fourteen days of completion—that is, within 14 days after the date the transaction completes and ownership passes. The SDLT payment is also due within that same 14-day window. This tight deadline ensures HMRC is promptly informed of the transaction and the tax due. Missing the 14-day limit can lead to penalties, so the return is typically submitted electronically as part of the SDLT filing process.