Stamp duty land tax
Stamp duty land tax (SDLT) is self-assessed and there are stiff penalties for concealment or fraud. It is a compulsory tax on land transactions in England and Northern Ireland.
Since 1 April 2015, SDLT has not applied to land in Scotland, which is subject to its land and buildings transaction tax (LBTT). Wales introduced its version of SDLT, called land transaction tax (LTT), on 1 April 2018. Since English and Welsh property law is the same, practitioners must apply two differing stamp taxes depending on the property's location.