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Have You Overpaid Stamp Duty Land Tax?

SDLT is a complicated area ...

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Posted by Helen Beaumont on 23/09/2020 @ 8:00AM

Most property transactions incur Stamp Duty Land Tax (SDLT), but it's often the case that you may not have paid the correct amount of tax. Overpaying is a very common problem ...

Stamp Duty Land Tax is a complicated area and it's common to over estimate what you owe!

Stamp Duty Land Tax is a complicated area and it's common to over estimate what you owe!

copyright: magneticmcc / 123rf

What people didn't realise is that there are a number of reliefs available that mean you can avoid overpaying at the time of the transaction, or being able to claim a repayment later on.

There are four common ways to reduce your SDLT bill:

  • Avoidance of the Higher Rate Charge of SDLT on additional property purchases

  • The property is mixed-use

  • Multiple Dwellings Relief

  • Non-residential rates on uninhabited properties

These methods do not involve complex transaction or holding companies and are based on the rules set out in the Finance Act. You can significantly reduce your SDLT bill by being eligible for them.

The timeframe to claim a refund of SDLT is quite short with a 12-month window open from the time the SDLT1 form was submitted to HMRC. And remember that the filing deadline has been reduced to just 14 days post-transaction to inform HMRC of any SDLT due.

"Stamp Duty Land Tax is a complex area!"

HMRC are regularly taken to tribunal by individual taxpayers, so calculating what you owe, without knowing all of the possible reliefs available, can put you out of pocket by quite a large amount.

Until next time ...



Would you like to know more?

If anything I've written in this blog post resonates with you and you'd like to discover more, it may be a great idea to give me a call on 01908 774323 and let's see how I can help you.

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About Helen Beaumont ...


Helen brings the personal tax planning experience of the top 20 tax companies to Essendon. Formerly of MacIntyre Hudson (with 45 offices nationwide), Helen worked at Chancery for more than 10 years before joining Essendon as the personal tax specialist.

Tax Planning can make a considerable difference to your tax liability. Helen has specialist knowledge and experience in tax planning and uses every opportunity to minimise your tax bill is utilised. By analysing your investments, income, profit and expenditures, Helen will provide strategic tax planning expertise that could offer significant savings, whilst delivering clear, honest advice and guidance.

When Helen is not at Essendon she spends time with her young son and likes going on long walks with the family dog.