The Property Tax Experts
Higher rate
If you believe you have overpaid on your SDLT, then get in touch with the Relatus team who may be able to advise and/or help you reclaim any overpaid amounts.
Higher Rate Property Tax
You may able to claim back the additional SDLT if you sell your previous main home within 3 years of the date of purchase
Most people are aware that if you are not selling your previous home to buy your new property you will be liable to pay a higher rate of SDLT. From October last year this higher rate has increased to an additional 5% of the total purchase price making it a significant expense. On a purchase price of £400,000 the higher rate of SDLT would mean that the total SDLT payable increases from £7,500 to £27,500!
You may able to claim back the additional SDLT if you sell your previous main home within 3 years of the date of purchase of your new main residence.
What you may not be aware of is that there are occasions when the purchase of a property could be considered a multiple dwelling purchase and this could mean that the higher rate is applicable regardless of the fact you may not own any other property.
Assessing what would be considered a multiple dwelling transaction for the purposes of the higher rate of SDLT is not straightforward but Relatus are experts in this area. We can advise whether the property you are purchasing would be considered suitable for use as 2 or more dwellings and on many occasions could save you from overpaying your SDLT.
We can also assist you to reclaim any amounts you have already overpaid where the purchase has incorrectly been stated as multiple dwellings.
Reasons to use Relatus for your Property Tax
Our customers rate us an average of 4.9 on TrustPilot...
Check out the many reasons why our customers choose us. We may be slightly biased, but our TrustPilot reviews are not.
An average of 4.9 out of 5, across 225+ reviews.
Highly rated on TrustPilot
We have an average rating of 4.9 from over 225 reviews.
Over 10 years experience
We have helped people to pay the correct amount of SDLT and LTT for over 10 years.
We have the expertise
Relatus specialises in SDLT and LTT, we are made up of qualified accountants, qualified members of the Association of Taxation Technicians (ATT) and qualified (non-practicing) solicitors.
We are good at what we do
HMRC regularly agree with our position and we have recently won an appeal at the First Tier Tax Tribunal.
Flexible Fee structure
Fixed and contingent Fee arrangements available to suit our client’s preferences.
Opinion Service
We can provide full written advice to ensure that the correct amount of SDLT or LTT is paid.
Check out the SDLT rates in England
SDLT Rates in England
Want to know more?
If you have any questions about your property tax, then get in touch with our team here at Relatus who will be happy to help.
