Stamp Duty Rebates

We’re on a mission to empower landlords and homeowners. With over 2 billion overpaid in Stamp Duty each year in the UK we feel it’s important to help and educate both professional landlords and 2nd home owners.

We offer the following services:

2nd Home Stamp Duty Rebate – If the 2nd property had a defect at the time of purchase that meets certain criteria, we can claim a rebate based on a recent case law case.There is a host of factors that determine if a property should be defined as uninhabitable. Contact us to check the criteria.

Sale of Primary Residence – If you purchased a 2nd property and kept your primary residency you will have paid a surcharge on Stamp Duty.However if you have sold the primary residence within 3 years this could be refunded. Rebates are typically less than 8 weeks.

We look at how to claim Stamp Duty back if there is disrepair. When purchasing a second home that is in need of repairs, it’s important to know that you may be able to claim back stamp duty on that property. This can result in significant savings and is worth exploring if you are in the process of buying a second home that has issues of disrepair.

Our step-by-step guide on how to claim back stamp duty on a second property in the UK is quite straight forward.

1) Determine your eligibility:
In order to claim back stamp duty, you must be purchasing a second property that will not be used as your main residence. If you plan to use the property as a rental or holiday home, you may be eligible to claim back the stamp duty.

2) Get a surveyor’s report:
Before you proceed with the purchase, it’s essential to have a professional surveyor inspect the property and provide a report on its condition. This report will be crucial in determining the extent of the repairs needed and the costs associated with them.

3) Calculate the stamp duty:
The amount of stamp duty you will need to pay will depend on the purchase price of the property. However, if the property is considered to be in disrepair, you may be able to reduce the stamp duty by deducting the cost of repairs from the purchase price.

4) Claim the stamp duty:
Once you have completed the purchase of the property and have the surveyor’s report, you can claim back the stamp duty by submitting a claim to HM Revenue and Customs (HMRC). You will need to provide documentation, such as the property’s purchase contract and the surveyor’s report, to support your claim.

5) Wait for a refund:
Once your claim has been processed, HMRC will issue a refund for the stamp duty you paid on the second property.

Speak with our experts.
It’s important to note that, in order to claim back stamp duty, you must not have any outstanding tax debts and the property must not be used as your main residence. If you are unsure about your eligibility or have any questions about the process, it’s best to consult with a tax professional or seek advice from HMRC.

In summary, claiming back stamp duty on a second property in the UK is a process that requires you to determine your eligibility, calculate the stamp duty, submit a claim to HMRC, and wait for a refund. With the right approach, you can save a significant amount of money on your second property purchase.