Experts uncover hidden stamp duty overcharges - find out how to claim your money back!

Hidden Stamp Duty overcharges

Stamp duty is a tax that is paid when you buy or transfer ownership of a property. However, it's not uncommon for homeowners to overpay stamp duty, due to miscalculations or errors in the process. If you're one of the many homeowners who have overpaid stamp duty, you may be entitled to a rebate. But how do you go about claiming it?

Second Home or sold Primary Home in 3 years?

Recently, experts in stamp duty have uncovered a number of cases where homeowners have been overcharged. In some cases, the overcharges have been due to simple mistakes, such as incorrect calculations or incorrect application of exemptions. In other cases, the overcharges have been due to more complex issues, such as changes in the stamp duty laws or misunderstandings about the eligibility for exemptions.

If you think that you've overpaid stamp duty, it's important to act quickly. The process of making a claim can be complex, but with the help of an expert in stamp duty, you can maximise your chances of success.

The first step is to gather all the relevant information and documents. This may include your property purchase or transfer documents, proof of your personal circumstances (such as your income), and any correspondence you've had with the relevant government department.

Once you have all the necessary information, you can start the process of making your claim. This will typically involve filling out a claim form and providing all the relevant documents. You may also need to provide additional information or attend an interview.

It's important to note that there may be time limits for making a stamp duty claim, so it's important to act quickly. In addition, the process can take several months to complete, so it's important to be patient.

How have I been overcharged SDLT?

The most common overcharge reasons are significant disrepair to a buy to let and the SDLT being calculated as if it were able to be rented and lived in straight away. The second most common is where a primary residence is sold within 3 years of buying a second property.

In conclusion, if you believe that you've overpaid stamp duty, it's worth making a claim to get the money you're owed. With the help of our experts in stamp duty, you can navigate the complex process and maximise your chances of success. Don't let the government keep your hard-earned money – claim your stamp duty rebate today!