MSE News: Urgent stamp duty rebate - are you due up to £1,500?

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 Darren, HMRC have confirmed the only deadline to make a retrospective claim for DAR is 5 May 2014. Thanks, MSE Paloma

wrongangle

Great news! Thanks Paloma!

allanmb

I bought my property at the end of March 2008 for £124,995 but I am pretty sure we didn't pay any stamp duty.

It looks like there will be very few people who paid under £150k and did pay stamp duty?

If a property is bought for £160K and the limit for stamp duty is £150K, don't they just pay the percentage on the amount over the limit? e.g. 1% of £10K which is only £100?

winner11

I purchased a property for £149000 in 2011 so am hoping I am entitled to a refund. I have sent a letter to the Birmingham address and requested a form using the link.

What about the Solicitor I used are they not responsible for checking this? I have been in touch and they are saying it was checked and the payment made.

suroben

Why 10 years ending 2013? What changed between then and now?

darcys_mum

Does anyone know how long it takes to receive a form? I followed the link from above but haven't received it yet?

hazdriver

alexanderalexander wrote: »

It is amazing how many people make this mistake with SDLT. I have seen so many houses listed on Zoopla sold prices as having changed hands at £249,999 despite the fact that £250,000 on the nose would've left the tax bill identical.


If you can be bothered, you should make a formal complaint to your solicitor's firm as this was obviously negligent advice. I would expect the firm to cover at least (i) interest on the money which I had unnecessarily paid for the period for which I was deprived of it and (ii) a token extra amount to cover the costs (e.g. postage) and inconvenience of re-claiming the money. Just write them a letter headed "formal complaint" as they are required to have a complaints procedure under SRA rules.



I'm sure that recorded delivery letters would be fine if you want to check for delivery confirmation. Bear in mind that recorded delivery isn't guaranteed either (you'd need to get the much more expensive Special Delivery for that) but given that 93% of first class mail arrives the next day, with almost all the remainder arriving the day after, you should be absolutely fine to get it in in time for 5 May

you will probably be advised to consult another firm of solicitors to claim for professional negligence (don't use no win no fee like I was advised it will cost you !)

captain747

Got a question.

I bought in 2005, and the area is in the disadvantaged approved region.

Now I paid £145,000 direct from developer, but somehow they made it so that the purchase was for £152,000 officially (ie land registry shows this), with a '£7,000 allowance for carpets and fixtures'. All a bit weird.. Didn't question it at the time as the agreed purchase price was £145,000, which is what the mortgage was based on..

Can anyone advise further as to what might have happened? I'm not sure if my stamp duty was based in 145,000 or 152,000, but I will check..


Thanks

teabelly

I've sent a letter to the Birmingham office. They were quite helpful on the phone. You don't get a form. You send off all the info you have on the transaction and say how the mistake happened. Fortunately I have a copy of the SDLT return and the receipt so I'm hoping they'll be able to find it quickly.