S18.19.4 Transfers for Certain Good and Onerous Causes

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Mar 03, 2015

Question: What is the appropriate certificate in relation to a disposition which narrates the consideration as "good and onerous causes"?

Answer: If the disposition is granted for money or money’s worth, e.g. a transfer subject to an existing debt, then it is a notifiable transaction and a Land Transaction Return (SDLT 1) should be submitted to the Inland Revenue and a Revenue Certificate obtained and submitted with the application.

 

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