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Stamp Duty Reforms Retroactively?

LazyD
LazyD Posts: 81 Forumite
in House buying, renting & selling
Hello,

A family member exchanged on a property she bought recently and paid the stamp duty about a month prior to the reforms announced in the autumn statement, she would have saved 4k + if she had paid after. Does anyone know if there are any way she can get some money back by applying retroactively somehow?

Thanks.
«1

Comments

  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    No, that was the tax rate then, and she paid the correct tax.
  • phill99
    phill99 Posts: 9,092 Forumite
    Part of the Furniture 1,000 Posts
    You mean retrospectively.
    Eat vegetables and fear no creditors, rather than eat duck and hide.
  • TheCyclingProgrammer
    TheCyclingProgrammer Posts: 3,702 Forumite
    Ninth Anniversary 1,000 Posts Photogenic
    phill99 wrote: »
    You mean retrospectively.

    Retroactively is the correct term.
  • Argghhh
    Argghhh Posts: 352 Forumite
    hindsight is a wonderful thing
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    TheCyclingProgrammer wrote: »
    Retroactively is the correct term.

    I don't agree, I think in the context the OP has used it that phil99 is right, although used in a different way you would be correct.
  • giraffe69
    giraffe69 Posts: 3,639 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    When the Chancellor announced it he also gave a date/time it applied from and it was not retrospective so no chance of getting the 4k back.
  • theartfullodger
    theartfullodger Posts: 15,965 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 22 December 2014 at 10:34AM
    I used to get income tax relief under MIRAS on residential mortgages until prudent Gordon abolished it in 2000: Would OP (LazyD..) suggest I pay back that relief retrospectively/retroactively, to be fair??

    Sounds reasonable, obviously sensible, now, where's my cheque book..
  • kingstreet
    kingstreet Posts: 39,441 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    LazyD wrote: »
    A family member exchanged on a property she bought recently and paid the stamp duty about a month prior to the reforms announced in the autumn statement, she would have saved 4k + if she had paid after. Does anyone know if there are any way she can get some money back by applying retroactively somehow?
    Presumably, you are using exchanged when you meant completed? As in money and keys changed hands?

    It is the completion date which determined the SDLT payment. If it was before the Chancellor's announcement, it's game over.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • LazyD
    LazyD Posts: 81 Forumite
    Sorry I meant completed.

    Thanks for your replies.
  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    LazyD wrote: »
    Sorry I meant completed.

    Thanks for your replies.

    Answer's still the same: no.
This discussion has been closed.
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