Uninhabitable Properties

If you’ve purchased a property with defects within the past 4 years, you may have overpaid thousands of pounds in Stamp Duty. To be eligible we must provide HMRC with deviance to prove that the property has or had not been habitable at the time of purchase.

See the attached brochure for further information on this type of reclaim and get in touch with our team for a free consultation.

Multiple dwellings relief 

Multiple Dwellings Relief (MDR) for Stamp Duty Land Tax (SDLT) is a relief that, as the name suggests, can be claimed when a qualifying taxpayer purchases more than one ‘dwelling’ in a transaction.

The MDR allows SDLT rates to be applied to the average value of the collective properties, instead of the total purchase price.

To be eligible to claim Multiple Dwellings Relief, your transaction must be of at least two dwellings, or be of a single dwelling if it is part of a ‘linked transaction’.

A dwelling is defined as a house, flat or place of residence.

Mixed property treatment or non-residential property

Stamp Duty Land Tax (SDLT) may be cheaper when purchasing a mixed-use rather than when purchasing a residential property due to the non-residential element.

Mixed-use incorporates both residential and non-residential use. Non-residential stamp duty rates  applied to mixed-used properties are considerably lower than residential rates.

As property accountants serving a number of UK landlords that purchase buy to let properties, we know that mixed-use property SDLT is a critical topic for our property investor clients.

When you buy a house, you usually have to pay SDLT at rates between 2-15%.

Purchasing a mixed-use property with an element of residential and non-residential use means the SDLT rates drop to between 2-5%. Contact us today to explore the potential of a reclaim on your recent mixed use property purchase.

Developer purchase of probate property

Stamp duty can be quite expensive, often requiring developers to pay an additional 3% SDLT, but there are exemptions. If you meet certain conditions, you won’t have to pay Stamp duty when purchasing probate properties. You purchase probate property when you buy from personal representatives of deceased individuals.

These are some of the rules surrounding Stamp Duty relief for probate property:

> You must be a property trader and not a sole trader;

> The deceased person must have lived in the property as their primary or sole residence within the two years before their passing;

> The land area you acquire must not be larger than the permitted area of 10,000 square meters.

If you believe you may be eligible for a rebate, get in touch and we will perform a free assessment to achieve the reclaim you are due.