Stamp Duty - First Time Buyer Refund

DKLDN22

Hi

my Partner and I just purchased our first home. We completed on the 16th September. We missed out on the stamp duty relief by a week.

does anyone know if we can get a refund?

thank you!

user1977

Why would you be entitled to a refund, if you completed before the change in rates was even announced?

DKLDN22

I was told by a friend previously in the past, those who have recently bought properties under the previous stamp duty rates were able to get a refund.

housebuyer143

I bought my house and missed out on it by 6 months...
They will not be giving refunds as it opens a whole kettle of fish when there is no need. You completed before they changed, you had to pay it. 

user1977

DKLDN22 said:

I was told by a friend previously in the past, those who have recently bought properties under the previous stamp duty rates were able to get a refund.

Your friend is mistaken. What would be the logic in allowing that? If your transaction is already done and dusted, it obviously didn't need the stimulus from the tax cut.

DKLDN22

She has told me this was back in 2017/2018, you could claim back as a first time buyer within 6 months of the change.

just wanted to throw this out there whether anybody had heard anything for this time round.

user1977

DKLDN22 said:

She has told me this was back in 2017/2018, you could claim back as a first time buyer within 6 months of the change.

just wanted to throw this out there whether anybody had heard anything for this time round.

All I can see from 2017 is a restricted retrospective relief for shared ownership purchases. It isn't the sort of thing which would generally apply and it hasn't happened with the current changes.

macman

Another urban myth. How far back do you think the retrospective relief should apply? A week, a month, a year?

HobgoblinBT

The answer is no. 

A Google search that was quicker than typing this response advises that the effective date is/was 23rd September 2022.

george4064

You could always go ask HMRC if they’ll refund you, but as others have said I’m 99.9% certain HMRC won’t give anyone a refund if they completed before the effective date.

user1977

george4064 said:

You could always go ask HMRC if they’ll refund you, but as others have said I’m 99.9% certain HMRC won’t give anyone a refund if they completed before the effective date.

Duties on alcohol were also lowered on Friday, so while you're at it, you could try asking them for a refund on the drinks you bought the previous weekend.