Our Stamp Duty services will save you money
Stamp Duty
Did You Know?
Stamp Duty is only paid on land and buildings. It is not due on any internal fittings that are not permanently attached to the property - if it’s not part of the fabric of the building, it’s not liable for Stamp Duty.
Typically, a Stamp Duty figure is agreed between the buyer and the seller for the fittings, often calculated on the second-hand value of the items. But in many cases, no reduction in cost is applied to the purchase price. This does not follow the correct valuation method.
✓ If you paid more than £925,000 for the property, you’ll save Stamp Duty at 10%.
✓ This rises to 12% if you paid more than £1,500,000.
✓ And if you own a second property, you’ll save a further 3%.
✓ This could add up to being a significant rebate due.
Find Out If You Have a Claim
Stamp Duty Refunds and Reliefs
Stamp Duty is only paid on land and buildings. It is not due on any internal fittings that are not permanently attached to the property - if it’s not part of the fabric of the building, it’s not liable for Stamp Duty.
Typically, a Stamp Duty figure is agreed between the buyer and the seller for the fittings, often calculated on the second-hand value of the items. But in many cases, no reduction in cost is applied to the purchase price. This does not follow the correct valuation method.
✓ If you paid more than £925,000 for the property, you’ll save Stamp Duty at 10%.
✓ This rises to 12% if you paid more than £1,500,000.
✓ And if you own a second property, you’ll save a further 3%.
✓ This could add up to being a significant rebate due.
How Our Valuation Service Works
How Our Valuation Service Works
Technically, our service is a ‘chattels’ valuation.
The word ‘chattel’ is a legal term meaning an item of tangible, movable property – something you can both touch and move. Your personal possessions will normally be chattels, as would the fittings and contents inside and outside of your property.
Our tax advisor is covered by Professional Insurance: he will review the chattels you bought with the property.
The report will confirm the revised ‘chargeable consideration’, and the refund to which you’re entitled. It will be sent to the Stamp Duty office.
You should normally receive your Stamp Duty refund in about four to six weeks
A ‘CHATTELS’ VALUATION
How Do Our Stamp Duty Tax Services Work?
We evaluate your Stamp Duty refund by assessing your property against a several criteria to identify any savings to help you claim back any overpaid stamp duty.
STEP 1
Get in touch and we will email or call you to book a site or video link valuation which by the way is completely free of charge.
STEP 2
We will evaluate your property and give you an estimate of the Stamp Duty refund we can claim for you.
STEP 3
If you then agree to proceed with the claim, you’ll need to provide us with the relevant documentation so that we may compile our comprehensive report to submit to HMRC.
Refund Example
A property was bought for £1,250,000 on the 21st December, 2021. The residential Stamp Duty was £68,750.
After a thorough valuation of all the chattels in the property which included carpets, blinds, curtains, a hot tub, furniture, a cinema projector, two wooden sheds, several kitchen appliances and several garden ornaments, the chattels were valued at £93 566.
When the correct basis of calculation was applied, it gave rise to a refund of £9,357.
MAKE A CLAIM TODAY
Four More Ways To Claim A Refund
There are a number of Stamp Duty reliefs and allowances that are often missed. Each one can give rise to a sizeable refund.
✓ Initially paid a deposit/reservation/option fee - The balance of the purchase price was paid at a later date.
✓ Self-contained living accommodation with its own entrance - Annexe, granny flat, cottage, studio - with a kitchen, bathroom, bedroom.
✓ Reclaim the 3% surcharge paid on a second property - On an uninhabitable property; on a main residence sold within three years.
✓ Any business associated with the property - Workshop, rented land, stables, or any type of commercial use.
If any of the above scenarios applies, you may be entitled to a rebate of 50% or more of the Stamp Duty paid.
SUCCESS FEE BASIS
You only have 12 MONTHS from the purchase date to register a claim for a refund
Our service works on a SUCCESS FEE basis.
If you don’t receive a refund, there is no charge!
FOR YOUR REASSURANCE, if you would like us to work via your solicitor, we’re happy to do that.
GET IN TOUCH TODAY
Ready To Make A Claim?
Get in touch and one of our expert stamp duty advisors will be happy to help.