Stamp duty holiday 23 September 2022 at 6:32AM in Consumer rights 9 replies 282 views

Deano23

I have just moved into a house on the 22nd September and understand they might be a change in stamp duty today would I be able to claim my money back. 

MovingForwards

Not unless they make it retrospective, which is highly doubtful.

mattyprice4004

Nope, unlikely. I missed the last one by days too. 

powerful_Rogue

No chance.

user1977

MovingForwards said:

Not unless they make it retrospective, which is highly doubtful.

It would be retrospective in the sense of the legislation, when it is eventually passed, being backdated to the date of the announcement (or at least that's what normally happens for such cuts).

There's no logic in backdating it to before they even announced it - if your transaction is done and dusted, it obviously didn't need some sort of tax incentive.

sheramber

Effective from today

Deano23

Sounds like I moved in on the wrong day and cost me £2500

outtatune

If it makes you feel any better, this smash and grab to take money off low and middle income people and shower it onto the rich is probably going to cost us all £2500, and the rest.

Yes, I know, it probably doesn't.

Aylesbury_Duck

Deano23 said:

Sounds like I moved in on the wrong day and cost me £2500

That's one way of looking at it.  Another way is that had you not exchanged when this announcement came through, the chain might have collapsed.  All it takes is someone in the chain to get greedy or silly over stamp duty.  I expect the cost and inconvenience would exceed £2500 if that happened.

mattyprice4004

Deano23 said:

Sounds like I moved in on the wrong day and cost me £2500

It does, but I was in the same boat. 

Sucks but there’s not much that can be done (and mine cost me double that!)