Common mistakes in stamp duty land tax returns

Stamp duty land tax SDLT refers to the self-assessed tax for particular property transactions. As per the rules, the SDLT needs to be filed within 14 days of completion of the notifiable transactions. The solicitors will only help you prepare the SDLT return.

You can claim stamp duty back. However, you need to file returns within time. For this, you will need proper stamp duty and SDLT advice from professionals. If you have overpaid the SDLT, you may be able to claim SDLT refund.


Can you get Refunds on stamp duty land tax?

Yes, you can only get a refund on the stamp duty land tax if you have overpaid the same. With the increasing number of buyers contacting for a property, there can be chances that you overpay the stamp duty land tax. Your stamp duty land tax advisor can help you figure out how you can get the SDLT refund for the same.

In many cases, the claims are made that multiple dwellings relief (MTDR) is not claimed and that there are chances for the buyer to have paid the non-residential rate for SDLT. This will happen only when the property is a mixture of non-residential and residential land. Taxpayers also risk getting unsolicited letters that may keep a check on the issues arising.

Do I need to fill out a self-assessment tax return

Mistakes while applying for stamp duty land tax

The HM Revenue and Customs are introducing the Promote, Prevent and Respond strategy. This ensures people make fewer stamp duty land tax errors, especially in recent years. Furthermore, the higher tax rate should also be taken into account.

The letter will check the current errors and mistakes. The HMRC will check the errors in the stamp duty land tax SDLT. The stamp duty land tax advisor will eventually play an important role in ensuring you don’t make mistakes.

However, there are certain cases wherein you can make a mistake. This includes:

  • Failing to apply for higher rates across SDLT will apply to acquiring dwellings across companies. This will be the subject of relief against the SDLT or low rates of SDLT, which will further be applicable across non-residential properties.
  • If you make incorrect or mistaken claims for the Charities Relief in the SDLT, the HMRC will make a valid point that will further be accepted across Charities Relief. It may not be available even when the charity purchases property for resale.
  • Suppose you make any mistakes in the claim for relief for acquiring any property by the registered landlords. Therefore, the non-profit registered providers for social housing will be exempted from the SDLT. This exemption will be valid if the property is owned or acquired by any specific qualifying body, such as the other registered provider or local authority. Furthermore, the exemption will also be by the public subsidy, especially in terms of social housing grants.

The letter by HMRC will refer to all the errors in your application, which will be a 15% rate of the SDLT, a high-value residential transaction or multiple dwellings relief (MTDR). It will also provide the benefit of SDLT liability which can further be calculated about the average pricing of the dwellings. It will also offer SDLT relief across compulsory purchase orders. Nonetheless, you must also expect to receive the housing associations to come in handy for specific issues across the practice. The HMRC is concerned about the SDLT compliance failure in social housing. You may reach out to the providers who will review the entire application, especially the ones filed in the past 12 months. Furthermore, they will help bring necessary changes. If you want to learn about stamp duty refunds and how to claim them, you must do some research.

The advisor or lawyer will go through the entire document to help you claim stamp duty back.


Tax governance

Depending on the regulations, you need to be familiar with the new measures if you want to claim stamp duty back. These new measures ensure better tax transparency and governance, especially across the corporate sector. However, these regulations are applicable across the various housing associations and eventually create awareness regarding the housing sector’s tax governance developments.

The new reforms were brought in April 2022. According to the new rule, some companies were required to notify HMRC regarding income tax, corporation tax and uncertain tax positions. Certain conditions may arise, such as provision across the company’s account reflecting probability el, especially regarding different tax returns.

The new rules will apply to all the companies in the UK. The condition is that these companies must have an overall turnover of over £200m, and the gross assets of the UK should be more than £2 billion. Nonetheless, this should not be included as the turnover or asset for the Community and Co-Operative Benefit Societies. It will further be coupled with uncertain tax positions. The tax information should be reported for more than £5m for the housing associations, which will further be concerned with themselves per the new rules.

The large corporate organisations will be subjected to Senior Accounting Officer rules that will add personal responsibility for maintaining the tax record and processes. The tax strategy of these companies should further be made publicly available. The companies for which these rules are applicable are also the ones for whom there are uncertain tax positions that may not be applicable across the housing associations.


You must contact professionals if you want to learn about stamp duty refunds and how to claim them. They can help you understand the entire process. Having been in business for a long time, they know the entire procedure and will eventually help you avoid any mistakes. You must refrain from making any mistakes while filing the claims. Being familiar with the basics of stamp duty tax and SDLT advice can help you make the right choices. As a result, making claims would be easier.

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