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Where Taxpayers and Advisers Meet
Stamp Duty refund
I am current buying a BTL as a limited company however within the next year I want to transfer ownership of the property to my parents. My parents currently have a residential property which they are trying to sell. Couple of questions, can I or they claim back the 3% surcharge on Stamp duty that we paid to purchase the BTL? I have read lots of gov info and forums but not got the answer. Thanks!
Re: Stamp Duty refund
No, the higher rates of SDLT are not recoverable in these circumstances.
Re: Stamp Duty refund
Thank you for the reply. What if my father is a director in the company does this make any difference?
Mine and my husbands name is on the mortgage, we could move to the property instead if this is the only option to recover the surcharge.
Mine and my husbands name is on the mortgage, we could move to the property instead if this is the only option to recover the surcharge.
Re: Stamp Duty refund
SDSLT is paid on land transactions. The company bought the property and paid the approporiate amount. There are no provisions to have that amount reduced when the company disposes of the proeprty. In fact, that event is likely to precipitate a further SDLT charge.
