S18.19.2 Transfers Where Consideration is Under £60K
Question: What is the appropriate Certificate where the purchase price in a Disposition is below £60000?
Answer: Although no SDLT may be payable, the transaction is one in which a chargeable interest is acquired for a chargeable consideration. Therefore a Land Transaction Return (SDLT 1 to 4 as appropriate) should be submitted to the Inland Revenue and a Revenue Certificate obtained. The Certificate should be submitted with the application.
Registers of Scotland (RoS) seeks to ensure that the information published in the Sasines Manual is up to date and accurate but it may be amended from time to time.
The Manual is an internal document intended for RoS staff only. The information in the Manual does not constitute legal or professional advice and RoS cannot accept any liability for actions arising from its use.
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