STAMP DUTY LAND TAX REFUND

Overpaid stamp duty land tax is common for several reasons. The 2016 changes to stamp duty cover the majority of properties but very few professionals are aware of these and the public even less so. There are also some serious shortcomings in the HMRC SDLT tax calculator, which is designed to only serve as a ‘mere guide’. If you used the HMRC tax calculator during this period you may have overpaid tax and therefore be entitled to an SDLT refund.

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Quick SDLT Refunds

If you have already completed your land and buildings transaction, you may be entitled to a Stamp Duty Land Tax Refund. Reclaiming SDLT can be complicated for both individuals and businesses, because of the various legislation surrounding the process.

Navigating the Stamp Duty Land Tax refund landscape is best done with the advice and help of a professional. Based in the West Midlands, CapEx Associates can help you claim SDLT for personal and business properties across the UK.

3% SURCHARGE ON ADDITIONAL DWELLINGS

This complex area leads to confusion, as the surcharge may not apply to you . Our advisors can see if this can be reclaimed.





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CORPORATE PROPERTY PURCHASES OVER £500,000

HMRC has seen a spike of inquiries into corporate purchases of residential properties over £500,000 as questions around the rate of SDLT has risen. It’s possible that your business didn’t have to pay this and it might be eligible for a Stamp Duty Land Tax refund.
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LANDOWNERS &
DEVELOPERS

Not all SDLT charges are obvious when completing a land deal and there are some which you likely overpaid on. If you have overpaid stamp duty, our team can find this for you. The next step will then be to help you reclaim SDLT, and put your financials in order.

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Why Are you Overpaying?

Overpaid stamp duty land tax is common for several reasons. The 2016 changes to stamp duty cover the majority of properties but very few professionals are aware of these and the public even less so. There are also some serious shortcomings in the HMRC SDLT tax calculator, which is designed to only serve as a ‘mere guide’. If you used the HMRC tax calculator during this period you may have overpaid tax and therefore be entitled to an SDLT refund.

Tax Changes

SDLT Calculator

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Claim Your Overpaying?

If you completed a property purchase within the last 12 months you could be able to claim an SDLT refund.
Man explains SDLT Refunds to client

R&D Claim

How to Reclaim Stamp Duty Land Tax

Our team of SDLT advisors will investigate your purchases, as through no fault of your own, you may have overpaid and could claim an SDLT refund. There are several tax relief and exemptions available as well as the simple fact that the property itself could have been misclassified.

If you are in fact due a refund, we will then go through the process of reclaiming overpaid SDLT with HMRC. All the advice given is from a qualified Chartered Tax Advisor, so you have peace of mind that this is legitimately being inspected and your SDLT repayment is in safe hands.

Our fee then simply becomes payable from the amount of Stamp Duty Land Tax repayment that we claim back on your behalf.

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R&D Credits Explained

Stamp Duty Land Tax (SDLT) is a fee buyers need to pay whenever they buy land or property over a certain price threshold in England and Northern Ireland. The current SDLT threshold is £500,000 for residential properties and £150,000 for non-residential land/properties. Any purchases below these figures won’t be subject to Stamp Duty Land Tax.
SDLT is calculated differently for residential and non-residential properties. For residential properties (e.g. house or flat), Stamp Duty Land Tax is typically paid on increasing portions of the property price at the time of purchase. The amount payable depends on when the property was bought and how much was paid for it. Find out what the SDLT residential rates are here. The above also applies to non-residential & mixed land and properties. Stamp Duty Land Tax is paid on increasing portions of the property price when this is £150,000 or higher.

Stamp Duty Land Tax is payable whenever the price thresholds for the following are met or exceeded:

  • Freehold property purchases
  • New or existing leasehold purchases
  • Property purchases through Shared Ownership Schemes
  • Property or land transfers in exchange for payment

SDLT returns must be filed with the HMRC within 14 days after the completion of purchase.

In certain circumstances, buyers may be exempt from paying SDLT. Instances include first time buyers, freehold properties costing less than £40,000, inherited properties and more. Find out who can qualify for SDLT exemptions.
Yes, Stamp Duty Land Tax refund claims should be made within 12 months of the original filing date of the SDLT return (i.e. 14 days after completion of the original purchase). However, in certain cases, an SDLT refund claim can be made up to 4 years post-sale.
An SDLT refund is usually processed within a month or two, although this can sometimes be longer due to HMRC checks. If the HMRC open an investigation after issuing the refund and find that in fact you were not eligible or there was incorrect information provided, they will issue a closure notice requiring you to repay the money.

Our Testimonials

“Fourth year of claiming and every year it gets 'more painless' and smooth with less disruption to the business.”

“Very simple, a no-nonsense process which resulted in a very welcome injection of cash!”

“Very happy with the service. It’s so important to have the heavy lifting done by CapEx so we could concentrate on running the business”

Latest News Our Insights

We document the latest updates on R&D, stamp duty land tax, embedded capital allowances and business grants.

Any Questions? Contact Us

With over 25 years of experience, we have helped clients big and small to claim government money through funding, reclaims and relief.

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