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Stamp Duty Land Tax (SDLT)

Are you about to pay too much?

One in four property transactions may have already or be about to pay more Stamp Duty Land Tax (SDLT) than is legally due because:

Tax
Changes

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HMRC Tax
Calculator

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Solicitors &
Lawyers

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What is Stamp
Duty Land Tax?

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What is Stamp Duty Tax?

SDLT is a self-assessed tax based on the value of the property, paid by the buyer, and due upon completion of the transaction. It replaced the old Stamp Duty tax on the statute books in 2003 and has been plagued by alterations and amendments ever since, making some parts incomprehensible to professionals and laypersons alike.

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    24/7 Fee Free Independent SDLT Advice

    Tax
    Changes

    Since SDLT was established through the Finance Act 2003, it has undergone a huge number legislative changes with one of the most recent being the 3% surcharge on second homes introduced in 2016. The legislation provides for many reliefs, discounts and exemptions often available to reduce the SDLT payable. However, the relevant information is not easily accessible even property professionals find it hard to decipher, never mind the general public.

    HMRC Tax Calculator

    The HMRC tax calculator produced by the HMRC is undeveloped and fatally flawed. Yet, solicitors, buyers, investors and developers routinely use it despite HMRC conceding it should only work as a "mere guide". It lacks the necessary sophistication to evaluate the complexities of transactions involving the property tax system, causing many to overpay.

    Solicitors &
    Lawyers

    The task of calculating SDLT is not a terrain of expertise for property lawyers and solicitors. Quotations they gain from the HMRC online calculator all too often result in incorrect SDLT payments being made. This can leave solicitors exposed to claims from clients.

    How To Proceed With A Claim

    We make claiming for a Stamp Duty Land Tax (SDLT) refund efficient and straightforward. Complete our online form or contact us via phone 24/7, 365 days a year so one of our specialist consultants can review your SDLT return and advise if you are due a refund or about to overpay to HRMC.

    Our service runs on a no claim, no fee basis, and if we find an existing claim, we will process it as your representative, for a transparent fixed fee.

    Let The Experts Help You

    How An Incorrect SDLT Return Can
    Result In Paying Too Much SDLT?

    Stamp Duty Land Tax (SDLT) has been mired with frequent changes that have resulted in legislation that is insufficiently comprehended and impacts the ability of solicitors to file accurate returns for their clients.

    To compound the problem, the SDLT calculator on the HRMC website is wholly inadequate to factor in all of the circumstances that work to calculate the value of SDLT on a purchase. The HRMC even acknowledged to a national newspaper in 2018 that buyers and solicitors should utilise the calculator only as "a guide".

    Discounts based on the buyer's status, classification of property or any of the thirty exemptions written into SDLT legislation can be overlooked by solicitors when completing SDLT returns. Ultimately, this makes errors commonplace, resulting in 20% of all SDLT assessments being submitted incorrectly and HRMC being overpaid to the tune of millions each year.

    As a result of all the above, many purchasers will pay or have paid considerably more SDLT than is legally required, often by as much as three times.

    Telltale Signs that you might overpay
    on SDLT for your property

    • The property/land you are purchasing is over half a hectare in size

    • If the grounds feature any non-residential or commercial structures such as a workshop

    • Annexes, cottages or flats are included on the land

    • There are rights over or interest pertaining to the land that do not benefit the property in any way, such as commons rights to pass through it

    • Monies have been paid to the vendor before the exchange of contracts because of an existing formal reservation agreement

    • Any other consideration which might mean the property is not solely for residential use including licenses, commercial rents and wayleaves

    • If any of the above applies to your purchase, then there’s a high probability that your SDLT may be incorrectly assessed. Our expert advisers can help you reclaim overpaid monies or prevent you from paying too much.

    How We Can Help You

    • Free Advice with no obligation
    • Available on purchases of residential, commercial and land
    • Tax advice NOT tax avoidance
    • Fees only payable if SDLT saving or reclaim is secured
    • Up to 66% savings or reclaimed
    • No win, no fee on SDLT reclaimed
    • £1,000,000’s already reclaimed

    Media Attention

    The challenges of SDLT tax assessments and the frequency of
    incorrect payments are beginning to become the focus of increased media attention.

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    12Apr

    Stamp Duty holiday extended

    House buyers in England and Northern Ireland may have been forgiven for believing that the extension to the Stamp Duty Tax holiday on the first £500,000 of all property sales...

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    12Apr

    Who might be entitled to Stamp Duty Refunds?

    There are many house buyers, developers and investors who might be entitled to Stamp Duty refunds. Up to one in four land or property transactions can lead to Stamp Duty...

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    12Apr

    Why you should seek Stamp Duty Advice

    Although there is still a moratorium on Stamp Duty for property worth under £500,000 in England and Northern Ireland, there are still thousands of transactions worth more than half a...