HMRC Cracks Down on Uninhabitable Property SDLT Claims: What Homebuyers Need to Know
HM Revenue & Customs (HMRC) has issued a clear warning to homebuyers and taxpayers regarding Stamp Duty Land Tax (SDLT) refund claims based on properties being “uninhabitable at the time of purchase.” The move follows a surge in claims—many of which were made on the advice of third-party firms marketing to buyers seeking to reduce […]
SDLT: Residential or Mixed Use?
Our latest article posted in Today’s Conveyancer. Click here to read the full article.
SDLT knowledge check: Are you getting it right?
Our article in Today’s Conveyancer setting out some useful FAQ’s we are asked. Click here to read the full article.
Uninhabitable or in need of repair?
An area rife with misleading advice and false claims is that of uninhabitable properties and it is an area that HMRC are intent on cracking down on. HMRC’s own guidance states that: “A very high proportion of the SDLT repayment claims that HMRC receives in relation to this area are wrong. Customers should be cautious […]
Mixed Use – Why is it important?
A mixed use property will be taxed at the non-residential rate of SDLT which can result in huge savings and if the purchaser is a higher rate taxpayer those savings could be in the hundreds of thousands! What is a mixed use property? A mixed use property is a property which consists of both residential […]
SDLT – Knowledge Check
The SDLT return and payment is an extremely important element of a property transaction and there are a number of common errors we see that could be avoided. First Time Buyers Relief A purchaser inherited a share in a property but never lived in it so will FTBR will be available? No – to qualify […]
Some SDLT considerations for conveyancers
Now that the most recent SDLT rush is over we are sure that many conveyancers would be happy never to hear or talk about SDLT again, but SDLT is something which should always be given very careful consideration as the potential repercussions if the SDLT treatment is wrong can be costly for your client and […]
