FAQs
If you’re looking to make a claim for a Stamp Duty Land Tax (SDLT) refund with Zeal, then you will need to provide us with some basic information in order for us to help. We will need to review the details of the property transaction, so therefore would require the date of purchase, purchase price and the completion statement, as well as the SDLT return and payment information.
There are some cases where we may need further information, for example if you are claiming as the property was uninhabitable at the time of purchase, whereby we may ask for photographic evidence, utilities failure certificates or renovation invoices.
Don’t worry if you do not have all the documentation to hand, our team will be able to liaise with the relevant parties to collect the information needed. In this case we would need their details.
There is a deadline of 12 months and 14 days from when you paid the Stamp Duty to make a claim for a refund. However, there are some circumstances where the deadline can be extended up to 4 years and 14 days. You should seek advice if you are within 4 years of purchase.
The amount of refund that you might receive is dependent on a number of factors. It can only be worked out correctly once your case has been reviewed as it is specific to your individual circumstances.
Our team would investigate your potential to claim and provide you with a proposal. This would outline what we think you would be entitled to along with our fees, so that you have complete transparency before instructing us to make the claim on your behalf.
Calculating the correct amount of Stamp Duty can be complex. Mistakes are often made when inputting information or available reliefs are overlooked. In fact, HMRC estimate that around £2billion in Stamp Duty is overpaid each year. If it can be proved that you have not paid the correct amount of Stamp Duty and have indeed overpaid, then you would be eligible to make a claim for a refund.
Where a property transaction takes place, if Stamp Duty is applicable, then you must pay it. There are however certain ways to reduce the Stamp Duty liability – like applying for reliefs or if you are exempt. Seek advice from a professional advisor who can help you determine the correct payment amount.