Stamp Duty refund

AlexMac

GRRR! I bought in a disadvantaged postcode in 2011... heard about this loophole from Martins last newsletter... got quite excited... dug out the solicitors financial statement... which confirmed I'd paid SDLT... in a qualifying area... in the qualifying period... then looked how much ... £1525 tax... on a £152,500 flat... So £2.5k over the £150k tax-free threshold!

So no bunce for me. Doh. But at least I got a bargain anyway...

corgan69

Can anyone enlighten me on how this might apply to purchases of shared ownership properties?


I purchased a shared ownership property in a disadvantaged area, during the timeframe. The full market price was above the threshold but I only bought 45% bringing it down below. I only paid SDLT on the percentage I bought, so I'm hoping this means I'm eligible.


Any thoughts?

wrongangle

Hi,

It says on the HMRC website there is a four-year deadline for claiming back any tax you've overpaid, effective date of the transaction - this would seem to rule out a lot of claims - or does anyone know if this rebate for disadvantaged area relief is exempt from this deadline?

Any advice gratefully appreciated

cheers
Darren

Former_MSE_Paloma

Hi there,

HMRC have confirmed you need to write to its Birmingham Stamp Office (9th floor City Centre House, 30 Union Street, Birmingham, West Midlands, B2 4AR) with relevant documents such as the original Stamp Duty Land Tax return form or a 'unique transaction reference number'. If your conveyancer submitted the form on your behalf, it's worth asking them if they have any copies.

Shared ownership: DAR does apply for these properties where the purchase was £150,000 or less.

Postcode vs ward boundaries: It's based on the ward/electoral division or postcode you lived in on these set dates only: in England (7 May 1998), Wales (1 April 1998) and in Scotland and NI (21 April 1991). If your postcode was included in that area on those dates (doesn't matter if you're now in a new boundary or electoral division), you may be able to claim.

Many thanks - MSE Paloma

skdav

I bought my flat 2 years ago and at the time I thought it might be in a disadvantaged area so I asked my solicitor to find out - she said she had looked and couldn't find anything to say it was (I think she just did the postcode checker) at the time I was just impatient to get my purchase completed so I just decided to get it paid and i would look into it further later.

Anyway I saw the newsletter the other day and it prompted me to have a look. My block of apartments was built in 2006 and the postcode checker says it has not been identified as being in a qualifying area. However, the flats next door are a conversion and their postcode says it is in a qualifying area, the block of flats the other side (new build) also says it is eligible postcode. It seems likely that my postcode simply didn't exist at the time.

I can't for the life of me find any maps of the ward boundaries in 1998 (although I'm pretty sure any of the ones it was likely to be in are listed) but given the properties either side qualify is it safe to assume that mine does? Can I just write to HMRC and let them decide?

skdav

Managed to find a map on the ONS website from 2003 which gives the ward boundaries and confirms it is in a qualifying ward so letter will be going off tomorrow

jodibyars

I have check and I am due stamp duty refund for my old house however I have not kept any paper work from this and it was 2008 so do not have the original Stamp Duty Land Tax return or the 'unique transaction reference number' (UTRN) from the return. I contacted the lawyer who bought the house on behalf and hasn't got back to me.

Is there Any other way I could get this information?

Thank you in advance

corgan69

jodibyars wrote: »

I have check and I am due stamp duty refund for my old house however I have not kept any paper work from this and it was 2008 so do not have the original Stamp Duty Land Tax return or the 'unique transaction reference number' (UTRN) from the return. I contacted the lawyer who bought the house on behalf and hasn't got back to me.

Is there Any other way I could get this information?

Thank you in advance

My solicitor got back to me within two days with the with the requested paperwork, which is odd because they were neither this helpful or expedient when I bought my place.


Part of me thinks they're worried about being found liable for not acting appropriately in the first place. Can anyone with a knowledge of these things provide a viewpoint on whether solicitors might be liable in any way? It might provide some ammunition for those of us who are finding it difficult to get a response from their solicitors.

mchu6am4

Can someone confirm if houses purchased in 2007 below £150k but above £125k were subject to stamp duty? An urgent response will be much appreciated due to the looming deadline...Thanks, Ash

jamstac

Hi, i snet a letter last week to the HMRC which included the unique reference code for my payment, They have sent me a letter today asking for me to send copies of:
1) the contract for the land transaction
2) The instrument (if any) by which that transaction was effected for instance the TR1 (or relevant transfer document), lease, assignment or similar document

Could anyone shed any light onto what these documents might be? The only document I have to hand is from the land registry called completion of registration? Will this suffice?