How it all starts!
The beginning
When you start the process of buying a property, you will naturally engage with a lawyer and potentially an accountant.
At the end of the transaction the lawyers will begin to conclude their work and part of that conclusion is to prepare your SDLT1 form for submission to land registry. You have to sign and agree to what is being filed and take any guidance necessary.
This form is very important because it defines the level of stamp duty you are due to pay to HMRC.
Here's the thing - If you want to understand if you have any relief available the lawyer will suggest you get third party help (typically your Accountant). This is because the Lawyer cannot advise on Tax matters and they act as agent when dealing with the form. It's your job as the purchaser to take advice to understand.
When you approach your Accountant they will suggest you get third party advice (typically your Lawyer). The Accountant cannot advise on property, land, value or use.
It's a vicious circle which is why many people miss out on the relief they may deserve. Our job is to correct that and help you re-claim anything you have overpaid.
Our Process
Liasing with Lawyers
This is the simplest route to correcting your Stamp Duty return. We can deal directly with your previous lawyers who will have a lot of the information we would require.
We collate all of the information from the original filing. Our team will provide all of the evidence, diagrams and justification for any relief that is due.
We replace the original calculations with the correct amounts. This generates a credit which would be due back to you.
Liaising with Accountants
This is a very similar process when dealing with your Accountant.
We would still need more information either from yourselves, the original. SDLT1 filing or forms your lawyers.
We would simply need you to grant us permission to communicate with your previous lawyer to get all relevant information.
Reclaiming your 3% surcharge
If you purchased a property whilst still owning an additional property you may have paid an additional 3% surcharge on your stamp duty.
If you have disposed of the original property within three years of you purchasing a new house, you are entitled to reclaim the 3% surcharge.
Again we can communicate with previous lawyers to acquire any of the information and produce the correct filings on your behalf to re claim the 3%.
Eligibility - Was your transaction eligible for relief?
If you answer yes to any of the following questions, there is a strong possibility you are eligible.
- Did you purchase more than one property at the same time?
- Does your property have an annex either internally or externally?
- Are there other buildings on your land?
- Could two families live separately in the same building?
- Do you have a games complex?
- Is there a space for a nanny or housekeeper?
- Was it an investment property?
- Was it a HMO?
- Is it an unusual layout?
If you have answered yes to any of the above please fill out these basic questions below. We will assess free of charge then inform you of what can be reclaimed. For the sake of transparency we charge a % of whatever we can reclaim for you and only charge if we are successful.
If you think you are eligible please fill out the following
Press Release
This was produced to highlight the problem and provide a solution
Contact Us
Address
10 Crown Street
Suite 7
Brentwood
CM14 4BA
Contact
07947568088
Opening Hours
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8:00 am – 8:00 pm
