Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
I wondered if anyone could advise me on a question relating to the 3% surcharge on SDLT for additional properties and in particular when replacing a main residence.
I currently own three properties (my main residence and two buy to let properties). If I was to replace my main residence this year by purchasing a new property, but within 3 years of this sell my previous main residence to my ltd company will I be eligible to recover the additional 3% surcharge on SDLT which will have been payable at the time of the new purchase (on the basis that I was replacing my main residence and no longer own the original main residence in my name)?
Editors Note: HMRC click here
You can apply for a repayment of the higher rates of Stamp Duty Land Tax (SDLT) for additional properties because you’ve sold what was previously your main home if you’re:
You must have sold your previous main residence within 3 years of paying the higher SDLT rates to qualify for a refund.
HM Revenue and Customs must have your request within 3 months of the sale of your previous main residence or within 12 months of the filing date of the return, whichever’s later.
To apply for a repayment you can:
Send the completed postal form to:
HM Revenue and Customs
BT – Stamp Duty Land Tax
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.