Stamp Duty Land Tax

Disclaimer
Prince Wealth Limited is a marketing agent for developers and other third party investment providers and whilst we endeavour to ensure the accuracy of information contained on our website, including figures and forecasts at the time of publication, Prince Wealth Limited does not guarantee or take responsibility for their accuracy.  Prince Wealth Limited cannot offer financial advice and is not authorised by the Financial Conduct Authority to do so.  Please be aware, that purchases of overseas properties and other overseas investments are not regulated by the Financial Conduct Authority.   All investors should seek relevant advice in relation to their personal circumstances before proceeding. Prince Wealth Limited acts as a promoter and/or introducer for third parties.  Authorisation from the Financial Conduct Authority is required for any advice on SIPPs.  Prince Wealth Limited recommend you seek independent pension advise from FCA authorised pensions advisers.  Please refer to the FCA website www.fca.org.uk  for this purpose.  Quoted figures are not guaranteed and are dependent upon investment performance.  Past performance is not a guarantee of future performance.  

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We introduce you to SDLT specialists that can help you ensure that you are paying the

right amount of tax on a new property purchase, or help you to claim back overpaid

Stamp Duty Land Tax (SDLT) on any qualifying purchase made in the last four years.

Stamp Duty Land Tax (SDLT) brought in £13 billion for HMRC in 2017 – an increase of

95% in 5 years. Of these transactions, 1 in 6 is calculated in error, meaning that £2 billion

in overpaid SDLT may be owed by HMRC. HMRC is currently attempting to process 900

refunds per month – a 400% increase in claims!

Commentators believe that the blame for this situation lies with HMRC and its often maligned online tool, which is relied upon by accountants, solicitors and buyers to calculate the correct amount of SDLT to pay. The tool often fails to take into account available discounts and reliefs which can reduce the total amount payable. The introduction of the 3% surcharge has confused matters even more.  What is worse is the number of accountants and solicitors who don’t know the SDLT rules in enough detail to realise when the HMRC has miscalculated.

Taking professional advice from our partners will avoid costly mistakes such as:

  • Paying the 3% surcharge when it is not required.
  • Classifying a property incorrectly.
  • Not using connected parties to the transaction.
  • Not taking into account facilities and provisions present on the Title Deeds.



If you would like to find out more about this service, simply click on the link below and complete the quick enquiry form or email us at enquiries@princewealth.co.uk  and we will be in touch.





Neither Prince Wealth nor its partners give legal or tax advice.  If you require legal or tax advice, you should hire a licensed and qualified solicitor or tax advisor.  The above information should not be considered advice capable of being acted upon.