If you are one of the hundreds of homebuyers that think you may have overpaid stamp duty, please fill in the form – or give us a call on 01858 439033 – and one of our experienced tax advisers will be able to advise you accordingly.
Founded on over 100 years experience
SDLT Refunds is a specialist division of Cornerstone Tax, a firm of Chartered Tax Advisers and the leading experts in Stamp Duty Land Tax in the UK for over a decade. Our team combines over a century’s worth of tax advice experience, and is headed up by David Hannah, an acknowledged expert & lecturer in SDLT often quoted in the UK financial press.
Stamp Duty Land Tax is complex and ever-shifting, subject to more alterations since inception in 2003 than any other comparable tax. The legislation governing it is now full of exceptions, exemptions and reliefs covering the vast variety of property types and property buyers, not all of which are obvious to conveyancers who are generally inclined – thanks to lack of help from HMRC and conflicting messages from their regulator, the SRA – to differentiate simply between a whether a property is residential or commercial for purposes of SDLT calculation.
This means people buying property with land, outbuildings, woodland or separate annexes, for example, may find themselves paying a higher SDLT bill on their purchase than they should.
If you are about to complete on a property purchase, or have completed – within the last 12-months – and your property has any of the above features, please do contact us and one of our tax experts will be happy to talk you through your options.
We work with individual homebuyers and their solicitors and accountants nationwide to ensure that the correct SDLT amounts are paid on their purchases.
"It was brought to our attention that we may be eligible for an SDLT repayment. Cornerstone (SDLT Refunds division) started the process the day they received the relevant documents from us. It has been money well spent as HMRC recently presented us with a cheque for just under £9,700.00. I couldn’t recommend SDLT Refunds enough"
Ian Williams, Rustington, BN16
More and more articles are appearing in the press reporting the complexities of SDLT and the frequency of incorrect payments being made.
"Homebuyers may be owed up to £2 billion in tax because the government's online calculator is getting its sums wrong. The tool, provided by HMRC, fails to to factor in stamp duty discounts worth thousands of pounds."
The Times, 31st March 2018
"The software on the HMRC website reportedly does not take account of factors such as farmland or a 'granny annexe' which can lead to discounts in stamp duty. The problem has arisen because the calculator does not distinguish between homes and mixed-used properties."
Tim Stickings, Mail Online, 31st March 2018
"Solicitors complained they frequently used the calculator because the taxman was treating them like accountants, relying on expertise they did not have. They write to HMRC for guidance but we're finding a long turnaround time, often 28 days."
Carly Read, Express, 31st March 2018
Reduce your stamp duty liability by thousands
Qualify for multiple dwellings relief and reduce your SDLT liability
SDLT Refunds work with individual clients and hundreds of solicitors and accountants nationally, ensuring homebuyers pay the correct amount of SDLT. If you are one of the hundreds of homebuyers that think you may have overpaid stamp duty, we would be delighted to liaise with you or your solicitor directly and resolve any SDLT overpayment.