Overpaying Stamp Duty

AndyJJ1979

I received a letter from Tax Accountants saying I had overpaid stamp duty on the house I bought (with my wife and mother) in August 2016 and wanted to know if it was legitimate! We bought the house for £745,000 and paid stamp duty of £27,250. The letter claims we can get a refund of £10,000 as we should have only paid £17,250, as long as we have not "materially altered" the property since we purchased it (we haven't). The company are so confident they are offering £1000 up front and if they receive the refund they will take 25%+VAT.

Does anyone know whether this is true or if its a con?

marliepanda

AndyJJ1979 wrote: »

I received a letter from Tax Accountants saying I had overpaid stamp duty on the house I bought (with my wife and mother) in August 2016 and wanted to know if it was legitimate! We bought the house for £745,000 and paid stamp duty of £27,250. The letter claims we can get a refund of £10,000 as we should have only paid £17,250, as long as we have not "materially altered" the property since we purchased it (we haven't). The company are so confident they are offering £1000 up front and if they receive the refund they will take 25%+VAT.

Does anyone know whether this is true or if its a con?

It's a con. These are tax evasion schemes and are likely to bite you firmly on the bum!

ReadingTim

You know what they say about things sounding too good to be true...?

Sorry OP, it's a scam.

Victor_the_Gink

https://forums.moneysavingexpert.com/discussion/5439746

AndyJJ1979

Thanks all! Needless to say that the letter is only going in one place...the bin.