SCHEDULES

SCHEDULE 11Stamp duty land tax: self-certificates

Part 2Duty to keep and preserve records

Duty to keep and preserve records

4

1

A purchaser who may be required to give a self-certificate must—

a

keep such records as may be needed to enable him to deliver a correct and complete certificate, and

b

preserve those records in accordance with this paragraph.

2

The records must be preserved for six years after the effective date of the transaction and until any later date on which—

a

an enquiry into the certificate is completed, or

b

if there is no enquiry, the Inland Revenue no longer have power to enquire into the certificate.

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.