Guidance on exceptional circumstances for higher rate SDLT refunds updated

HM Revenue & Customs (HMRC) guidance that sets out the exceptional circumstances allowing homeowners to claim higher rate Stamp Duty Land Tax (SDLT) refunds beyond the usual timeframes has been updated.

The updated guidance means that homeowners in England and Northern Ireland can now claim a refund in respect of the three per cent higher rate of SDLT in circumstances when their previous home was not sold within the usual time limit of three years, as long as the three-year period ended on or after 1 January 2020.

To qualify for the refund, the previous home must have failed to sell for reasons outside of the homeowner’s control and these reasons can now specifically include “the impact of coronavirus (COVID-19) preventing the sale”.

Loading Quotes...

Latest News

10
Jun
Be prepared for changes to VAT penalties and VAT interest charges

Changes to charges and penalties applied to late submission of VAT returns will …
Read more…


10
Jun
Penalties for misuse of Coronavirus Job Retention Scheme

New legislation allows HM Revenue & Customs (HMRC) to recover Coronavirus …
Read more…


Don’t pay more tax
than you need to

Register for our newswire

Our regular Newswire mailings are designed to keep you up to date with the latest industry news and events.

Register here

Client Login
Complete our Client
Satisfaction Survey

Spring Statement 2022

Exactly two years since the first lockdown was announced, the eyes of the public were firmly...

Read full our summary