SDLT Reliefs You Should Be Aware Of

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Are you a property investor or developer in England or Northern Ireland who has recently purchased a property? You may be entitled to significant Stamp Duty Land Tax (SDLT) reliefs that could save you thousands of pounds. At Claim SDLT, we specialise in helping investors and developers identify and claim the reliefs they’re entitled to, ensuring they don’t overpay on their SDLT.

Our experienced solicitors have put together a list of the top 5 SDLT reliefs you should be aware of:

Multiple Dwellings Relief (MDR)

If you’ve purchased more than one dwelling in a single or linked transaction, you may be eligible for MDR. This relief ensures you don’t pay SDLT at a higher rate than if the dwellings were bought separately.

Chain Breaker Relief

Developers who offer part-exchange deals to purchasers can benefit from Chain Breaker Relief. If the purchaser has lived in the property offered in part-exchange as their main residence within the past two years and intends to live in the new property as their main residence, the developer’s purchase of the part-exchange property is exempt from SDLT.

Group Relief

Property and land transfers between companies within the same group may qualify for Group Relief, ensuring no SDLT is payable when the economic ownership remains unchanged. This relief is particularly useful for companies undergoing business restructuring.

Relief from the 15% Rate of SDLT

Certain corporate bodies or ‘non-natural persons’ buying residential properties over £500,000 may be subject to a 15% SDLT rate. However, relief from this higher rate is available under specific conditions, such as when the property is used in a rental business, bought by a property developer or trader, or occupied by the purchaser’s employees.

Sub-Sale Relief

In a sub-sale or assignment scenario, where the first buyer transfers rights to a third party before completion, Sub-Sale Relief can be claimed to ensure SDLT is only paid by the end transferee who actually acquires the property.

Have You Overpaid on Your SDLT?

If you believe you were eligible for any of these SDLT reliefs but didn’t claim them when purchasing your property, you might have overpaid on your SDLT. Don’t let this money go to waste – Claim SDLT is here to help you get the refund you deserve.

Our simple 3-step process makes claiming your SDLT refund easy:

Check your eligibility: Fill out our quick online form to see if you qualify for a refund.
Consult with our solicitors: If eligible, our knowledgeable SDLT refund specialists will discuss your case, gather necessary documentation, and answer your questions.
Get your refund: Our solicitors will handle your claim on a No Win, No Fee basis, meaning you only pay if your claim is successful.

Don’t Miss Out on Your SDLT Refund

The rules and regulations surrounding SDLT reliefs can be complex, but our team of experts is here to navigate them for you. By helping our clients structure their property investments for maximum tax efficiency, we save them valuable time to recover money paid in SDLT that should rightfully be theirs.

If you think you may have overpaid on your SDLT, contact Claim SDLT today. Fill out our simple online form to check your eligibility, and let our experienced solicitors handle your refund claim from start to finish. Don’t miss out on the opportunity to reclaim your hard-earned money.

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