What are the potential risks of making a stamp duty refund claim?
Risks with us:
Our stamp duty refund service operates on a no-win-no-fee basis. This means that we will build a case for you and present it to HMRC. If your claim is accepted, the refund will be made directly to you. Only then will we invoice you for our fees.
For our case assessment service, we charge an upfront fee, which is fully explained on our website.
Risks with HMRC:
Making a claim with HMRC for a stamp duty refund is a low risk process. You will provide them with a truthful account and evidence that shows your property was not suitable for living in at the time of purchase. HMRC will then review the information and determine if they should give you a refund, just like they have done for thousands of others.
Do you reimburse your fees if HMRC contests my claim and decides to recover the money?
Yes, we will refund 100% of our fees.
What is the process for claiming a stamp duty overpayment refund?
To claim a stamp duty refund, you need to check eligibility, gather relevant documents, submit a report to HMRC, and wait for their review. If approved, you will receive a refund via check or direct deposit.
Eligibility is determined by the habitability of the property at the time of purchase or if the tax was overpaid due to incorrect calculations or missed reliefs/exceptions. A condition assessment tool is available to determine eligibility.
Keep records and documentation for future enquiries. The time frame for the process varies, depending on case complexity and HMRC workload.
Can I get a refund if I used Multiple Dwellings Relief (MDR)?
It is possible to get a refund for overpaid stamp duty if you used Multiple Dwellings Relief (MDR) during the property transaction. If there was an error in the calculation or if the conditions for MDR were not met, it may be possible to reclaim some of the overpaid tax.
However, the likelihood of success will depend on the specific circumstances of the case, including the evidence available to support the claim and the accuracy of the documentation and calculations.