SCHEDULES
C1SCHEDULE 10Stamp duty land tax: returns, enquiries, assessments and appeals
Part 2Duty to keep and preserve records
Duty to keep and preserve records
9
1
A purchaser who is required to deliver a land transaction return must—
a
keep such records as may be needed to enable him to deliver a correct and complete return, and
b
preserve those records in accordance with this paragraph.
2
The records must be preserved F3until the end of the later of the relevant day and the date on which—
a
an enquiry into the return is completed, or
b
if there is no enquiry, the Inland Revenue no longer have power to enquire into the return.
F12A
“The relevant day” means—
a
the sixth anniversary of the effective date of the transaction, or
b
such earlier day as may be specified in writing by the Commissioners for Her Majesty's Revenue and Customs (and different days may be specified for different cases).
3
The records required to be kept and preserved under this paragraph include—
a
relevant instruments relating to the transaction, in particular, any contract or conveyance, and any supporting maps, plans or similar documents;
b
records of relevant payments, receipts and financial arrangements.
F24
The Commissioners for Her Majesty's Revenue and Customs may by regulations—
a
provide that the records required to be kept and preserved under this paragraph include, or do not include, records specified in the regulations, and
b
provide that those records include supporting documents so specified.
5
Regulations under this paragraph may make provision by reference to things specified in a notice published by the Commissioners for Her Majesty's Revenue and Customs in accordance with the regulations (and not withdrawn by a subsequent notice).
6
“Supporting documents” includes accounts, books, deeds, contracts, vouchers and receipts.
Sch. 10 applied (with modifications) (with effect in accordance with Sch. 61 para. 29(2)(a) of the amending Act) by Finance Act 2009 (c. 10), Sch. 61 para. 7(9)