Data Management - SDLT Analysis (L3)

Question 1

What advice did you give following your SDLT analysis?

Answer 1

Ensured land transactions were analysed correctly.

Advised what factors impacted upon land transaction price (e.g. land type, property characteristics, planning, services)

Advised on the reliability of the data (e.g. arm’s length, transaction type)

Question 2

Where does the land transaction data held in the CDB come from?

Answer 2

HMRC collects data from SDLT forms submitted by a purchaser or lessee when a parcel of land is sold or let.

HMRC forwards data to VOA.

Question 3

What was the purpose of your analysis of SDLT data?

Answer 3

Ensure VOA surveyors have a sufficient pool of accurate land evidence to support valuation advice and negotiations.

Question 4

In what circumstances did you advise that the data may be unreliable?

Answer 4

• Not arm’s length transaction
• Including other property
• Sale and leaseback
• Not market value

Question 5

Where could you find the definition of market value for SDLT’s?

Answer 5

RICS Valuation – Global Standards: UK national supplement
UK VPGA 15

Finance Act 2003