CapEx Associates Tax Ltd
Barston Gate Farm
West Mids B92 0JN
Tel: 0121 272 0801
Company number: 11166174
SDLT repayments are common for several reasons. The 2016 changes to stamp duty cover the majority of property, but very few property professionals are aware of these and the public less so. Many solicitors, lawyers and agents aren’t tax specialists, and lack the knowledge to understand the complicated regulations. Even if you’ve used the stamp duty calculator, it doesn’t cover all the complex elements of the property tax system.
Currently, the stamp duty rate starts at 2% but rapidly increases the more expensive the purchase price. However, with a better understanding of SDLT regulations - including reliefs for first-time buyers or owners of one property - an advisor can find out exactly what you should pay.
There are also certain SDLT exemptions which may not have been applied during the buying process: