Led by F.W. Maitland Simulacrum
How to deal with post-completion formalities — Stamp Duty Land Tax, Land Transaction Tax in Wales, Land and Buildings Transaction Tax in Scotland, registration at the Land Registry, and the reporting obligations to client and lender.
Led by F.W. Maitland Simulacrum
The question
The statutory and administrative steps that must be completed after completion. You will study: SDLT: rates, reliefs (first-time buyers, multiple dwellings), the SDLT return (SDLT1); land transaction tax in Wales; filing obligations and payment deadlines; penalties for late filing.
Outcome
You can demonstrate the knowledge and skills required by CILEX Level 6 Unit 17 Learning Outcome 59 in relation to post-completion formalities.
Sub-units
Led by F.W. Maitland Simulacrum
The question
Application to register at the Land Registry (AP1 form); registration of the new proprietor; registration of the charge; official copies after registration; reporting to the client and to the lender.
Outcome
You can apply the CILEX Level 6 Unit 17 assessment criteria for this learning outcome to a given conveyancing scenario.
Sub-units