How You Can Claim A Refund On The Stamp Duty You Paid

When you buy land and property over a certain value, taxes are to be paid on the purchase, known as Stamp Duty. There are occasions when you have paid too much or if you are eligible for a refund on the stamp duty you have paid, and there are a couple of ways you can claim this money back. Below you can see how to claim back stamp duty when you have paid too much or are due a refund to show you how simple and easy the process is.

Find A Company To Help You Online

You can find many companies online that can assist you with stamp duty refunds should you require assistance, and you will need to ensure you use the services of a reputable one. Look for companies online in your area that specialise in this field and compile a list of ones you can consider using.

Once you have a decent number of companies on your list, you can start comparing them and looking at their online reputations. Look at the social media platforms they use and read the reviews and comments left for the companies on them, giving insight into the standard of service you can expect.

You can reduce the number of companies to two or three, contact each, and discuss your stamp duty refund. You can then compare the cost of each company and choose the one you are most comfortable with and use their services to claim back your stamp duty refund within a couple of weeks.

Make The Claim Yourself Online

You can find the form you must fill out to claim your stamp duty refund by clicking here. You can either fill this form out online or print it off and post it to HMRC. To Apply for the stamp duty refund online, you will need a Government Gateway ID, and there are various details you will need to input, such as:

  • Details of the home or land you have sold.
  • Address of the property.
  • Your name and address.
  • Name of the buyer.
  • Amount of tax paid on the property.
  • How much tax refund you are requesting.
  • Any additional details to support your claim.
  • Bank account and sort code details.

You have 12 months from the date you sold the property to reclaim the stamp duty from HMRC. Any claim outside of the refund period will be invalid, and you cannot claim the money back. Once the form has been completed and you have supplied additional supporting documents, you can submit your claim and await a response.

HMRC are usually efficient at processing stamp duty claims, and you can expect the process to be complete within 15 working days. Once the process is complete, you will receive a notification from HMRC about the decision, and the funds will be paid directly into your chosen bank account.

Whether you use a professional service or submit the claim yourself, it is straightforward and uncomplicated so anyone can do it. For more information on who can make a stamp duty refund claim, click here.

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