[2011] UKFTT 236 (TC)

Fionagh Green (Tribunal Judge) (Chairman)

Decision released 11 April 2011

Flat rate penalty – return of land transactions



  1. This is an appeal dated 4 August 2010 against the flat-rate penalty of £100 each imposed for the failure to submit the return of land transaction within the 30 days allowed.

The law

  The legislation in so far as is relevant here is found in:

Finance Act 2003

(i) Section 44

  (5) A contract is ‘substantially performed’ when–

(a)the purchaser takes possession of the whole, or substantially the whole, of the subject-matter of the contract, or

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