Stamp Duty Land Tax Refund

Have you overpaid SDLT?

Everyone must pay Stamp Duty Land Tax (SDLT) on property transactions or non-residential land in England and Northern Ireland. The rules on SDLT have changed massively in the last few years, so it’s vital to seek professional advice for your stamp duty refund, even for the most straightforward of property and land purchase transactions. 

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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 SDLT 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. 

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Why are you overpaying?

Tax Changes
HMRC Calculator

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’.

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You may be entitled to a Stamp Duty Land Tax repayment if certain SDLT exemptions weren't applied during the buying process.
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    Reliefs for Buying Residential Property

    Multiple dwellings relief (MDR) offers significant savings for buyers. It’s possible to reclaim overpaid SDLT by identifying opportunities to claim MDR. There’s also relief available for first-time Buyers which you may not have been aware of.

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    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 have risen. It’s possible that your business didn’t have to pay this and it might be eligible for a Stamp Duty Land Tax repayment.

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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.

CLAIM YOUR SDLT REFUND TODAY!

If you completed a property purchase within the last 12 months you could be able to claim a SDLT refund.

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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 a 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.

Contact Us

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If you are about to purchase a property, or have already done so in the past year, we'd love to hear from you!

Frequently Asked Questions

What is Stamp Duty Land Tax?


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.




How is SDLT calculated?


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 for 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.




When is SDLT payable?


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.




Am I eligible for a Stamp Duty Land Tax Exemption?


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 here.





Cap Ex Associates Tax Ltd

The Barns

Barston Gate Farm

Barston Lane

Barston

Solihull

West Mids B92 0JN

Tel:  0121 272 0801

Email:  lee.bould@capextax.com

Company number: 11166174

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