Had A Letter From Us?
If you’ve had a letter from us it’s because we’ve identified that your purchase is of the sort where SDLT is often miscalculated. Experience tells us that errors are often made on certain types of purchase, particularly probate sales, blocks of flats, mixed commercial/residential properties. If your solicitor hasn’t given you a calculation showing you how the SDLT on your purchase was arrived at or referred you to an independent specialist for advice on SDLT then they have probably given you the figure they obtained from using the online HMRC SDLT calculator. This is a very blunt tool and does not allow the user to input any specific details meaning you are likely to have overpaid SDLT.
If you’re wary having received a letter “out of the blue”, that’s understandable. Many of our reviewers on Trustpilot refer to having been wary initially but luckily for them, they overcame their initial wariness and made contact with us which resulted in them receiving an SDLT refund. You can check our Trustpilot reviews here @Stampback Reviews | Read Customer Service Reviews of stampback.com (trustpilot.com).
Remember:
We take nothing upfront or on account, we are paid on success.
We won’t ask for your bank details until we’ve provided proof that we’ve received your refund from HMRC.
We pay you your net refund on the same day we receive the refund from HMRC.
Examples
The three examples below illustrate how the rate given by the SDLT calculator is not the best rate you are entitled to apply to your purchase.
Example 1
Freehold Purchase – £2,000,000
Shop & 3 Flats, all units the same size – London
SDLT as per the HMRC online calculator - £89,500
SDLT refund possible – £ 60,000
This refund is not subjective, it turns on fact. However, you can’t ask the HMRC SDLT calculator how to calculate the SDLT on this purchase but by understanding the SDLT legislation and The Finance Act 2003 we were able to ensure that our clients achieved a refund for the sum they had overpaid plus interest.
Example 2
Freehold purchase - £1,400,000
7 part built houses - Lancashire
SDLT as per the HMRC online calculator - £123,250
SDLT refund possible - £81,250
Again this refund is based solely on facts at the time of your purchase but the SDLT calculator doesn’t allow you to tell it precisely what you’ve purchased, you need to know how to apply the rules so as to obtain a refund.
Example 3
Freehold Purchase – £460,000
House sold by executors – To be demolished - Kent
SDLT as per the HMRC online calculator - £13,800
SDLT refund possible – £ 13,800
This refund is subject to certain conditions both pre and post-completion – we have handled a large number of these and our success rate is 100%. Contact us for details of how it works.