Claim your stamp
duty rebate.
If you’ve purchased a second home within the last 4 years, you may have overpaid thousands in stamp duty.
Stamp Duty Land Tax Experts
Have you overpaid Stamp duty land tax or you are looking for help with claiming? To discuss further regarding how to get a refund of Stamp Duty Land Tax paid in the UK, Book a Consultation, some examples are below:
- Claim back additional 3% SDLT surcharge paid to HMRC
- Multiple Dwellings Relief (MDR) – Written Tax Consultation
- Reducing SDLT for property developers and builders
- Transfer of property on liquidation of companies
- Advising non-resident individuals and companies
- SDLT on ‘mixed use’ properties, SDLT on leases
- Transfers Involving divorce or dissolution of a civil partnership
- Dealing with HMRC enquiries
- SDLT on Uninhabitable properties
- SDLT through Probate
- SDLT on staircasing and
- First time Buyers Relief
- SDLT on surcharge
- SDLT on transfer of properties to group companies (Group Relief)
Below are some of the most common questions asked about Stamp Duty Land Tax (SDLT) and the process of making a claim.
What is Stamp Duty Land Tax?
Stamp duty land tax – SDLT is a tax targeted at buyers of land, property and rights over property (like leases). You pay stamp duty when you purchase property, or a piece of land. Not all purchases attract stamp duty. The rules over when you have to pay stamp duty and how much you must pay are extremely complicated.
Generally, the following 6 factors will affect whether and how much you have to pay
– Whether the land/property is used residentially or non-residentially
– How much you paid for the land
– Who you are: an individual, a company, or a partnership
– Where you live, if you are a UK resident or non-resident
– Why you bought the land/property
– Whether you have bought anything else in a related transaction
How long can I claim after purchasing a property?
HMRC will not accept stamp duty refund claims for property purchases that took place more than 4 years ago.
How long does a claim take?
Once you have submitted all of the documents we need, the average claim takes 10 weeks until a decision is reached by HMRC.
How much can i reclaim?
Every claim is different. In most cases we have been able to arrange a full rebate of the original stamp duty amount paid. This is subject to your case meeting our criteria and dependent on providing the required documents to submit a claim.
Why do I have to pay stamp duty?
In 2003 the government reformed the way it taxed purchases of land and created a new tax called stamp duty land tax which only applied to the buyer of land/property. There were a number of reasons for this but the main two were:
1. Stamp duty was too easy to avoid – stamp duty land tax is much more difficult to legally avoid paying.
2. Stamp duty was complex, not always fair and sometimes did not make much sense. Stamp duty land tax is still complicated and is, when people are not overpaying, perhaps fairer.
Why would I have overpaid Stamp Duty Land Tax (SDLT) in the first place?
99% of residential property buyers and/or investors pay the standard rate of Stamp Duty. Excess payments are likely not intentional but, because property purchases are not a one-size-fits-all transaction, some taxes tend to be overlooked or miscalculated.
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Swimby Carroll Anderson Ltd t/a Hardcastle Swimby is registered in England and Wales under company number: 15684524. VAT registration number 471786848 . ICO Registration Number ZB760262. Registered office: 76 King Street, Manchester, M2 4NH. A list of directors is available from Companies House.