The Law Society has arranged for a temporary relaxation of the 14 day limit on the period specified in the “classic” Letter of Obligation.  The time limit  will be raised to 21 days for all transactions which settle during the period from Friday 24 June to Friday 1 July inclusive.

The relaxation is necessary as a result of  changes being made to HMRC’s computer system which mean that the system will not accept SDLT returns submitted online or by paper from Saturday 25 June (at 00:01) until Monday 4 July (at 00:01).

The Law Society’s press release is available here