Refund of SDLT surcharge upon sale to Ltd company?

Refund of SDLT surcharge upon sale to Ltd company?

10:40 AM, 23rd June 2021, About 3 months ago 6

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We moved from our main home in late 2019 to a new home, so we paid an additional 3% stamp duty for our new home, and we have rented out our previous home since then.

Recently we have sold our previous home to a Limited company (we are the directors of the company, but the house was sold at the market value and Ltd company paid 3% stamp duty as well) and we are thinking of applying for repayment of the higher rates of Stamp Duty Land Tax but looking at the form on gov.uk website they are asking for the first and last name of the main buyer for our previous home and there is no provision of mentioning Ltd company name/details.

Has anyone applied for a repayment of the higher rates of Stamp Duty Land Tax while selling the property to a Ltd company? If so, what should we mention in the form where they ask for the name of the buyers?

Any help will be highly appreciated.

Thank you,
MS



Comments

by Neil Patterson

10:44 AM, 23rd June 2021, About 3 months ago

Hi MS,
I like to use the Flow chart above as it is so simple, but it is out of date as you have a maximum of 3 years to sell the previous main residence and claim the surcharge refund.
However, I have not personally completed the forms.

by M S

16:37 PM, 23rd June 2021, About 3 months ago

Thank you very much Neil.

With the reference to the flow chart and guidelines on the gov.uk website, I think my scenario fits in the eligibility criteria (although there is no specific mention of a Ltd company scenario anywhere) but repayment form on a gov website has very specific field "First name of the person who bought the property" and "Last name of the person who bought the property" and no option to specify Ltd company details so I'm clueless.

by Sam Addison

17:20 PM, 23rd June 2021, About 3 months ago

My limited co had to apply online for council tax refund after tenant moved in and the form required first name and last name. I put name of limited co in first name and in last name i put none. The refund has duly arrived.

by M S

23:24 PM, 23rd June 2021, About 3 months ago

Reply to the comment left by Sam Addison at 23/06/2021 - 17:20
Thank you very much Sam.

I was thinking the same name of the company in the first name field and "ltd" in the last name.

by Simon Lever

18:02 PM, 28th June 2021, About 3 months ago

Leave the first name blank, or just put in a space and put the full limited company name, including Limited, in the last name.

by M S

11:02 AM, 29th June 2021, About 3 months ago

Reply to the comment left by Simon Lever at 28/06/2021 - 18:02
Thank you Simon


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