What is a SDLT5 Certificate?

What is a SDLT5 Certificate?

A SDLT5 certificate is a document issued by Her Majesty's Revenue and Customs (HMRC) in the United Kingdom in relation to the payment of stamp duty land tax (SDLT) on a property transaction.

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When do you get issued with this?

When a property is purchased in the UK, the buyer is required to pay SDLT on the purchase price. The amount of SDLT due is calculated based on the value of the property and the rate of SDLT that applies. The buyer is responsible for submitting the SDLT return and paying the SDLT due to HMRC.

Who issues the certificate?

The SDLT5 certificate is a confirmation issued by HMRC that the SDLT return has been received and the tax has been paid. It acts as a proof of payment and is required to be produced to the Land Registry when the property is registered in the name of the buyer. The SDLT5 certificate is also required in order to apply for a mortgage on the property. It is a legal document, which is needed to prove that the SDLT has been paid and is a requirement for the registration of the transfer at the land registry.

It is important to note that if you are buying a property in the UK and you are required to pay SDLT, you must ensure that you have received a SDLT5 certificate before completing the purchase, as you will need it to register the property in your name. If a SDLT5 certificate is not produced, it could cause delay or even prevent the registration of the transfer of ownership at the land registry.