Stamp Duty Land Tax (“SDLT”) is payable on almost all property transactions but have you considered whether you have paid the correct amount?
We have had considerable success in obtaining refunds for clients who have overpaid SDLT on a property transaction.
A possible SDLT refund claim may exist in the following circumstances where the purchase involved
- the purchase of more than one property, or
- a property that contained more than one flat/self-contained part, or
- or was a mixed acquisition (commercial and residential), and
There are numerous other scenarios that may qualify and each purchase would be reviewed on the facts.
Time frame to make a claim
The time frame to claim a refund of SDLT is relatively short – generally 12 months from the date the SDLT1 was submitted to HMRC. Typically this means a maximum of 13 months from the date of purchase to make the claim.
It is possible to extend this to 4 years in some cases, however, it can be difficult to argue the extension so it is best to deal with a claim within the normal 12 month window referred to above when possible.
If you would like to discuss the opportunity further then please get in touch with me either by calling me on 0789 667 2314 or by emailing at email@example.com. I look forward to hearing from you.