Important Additioanl Information for members claiming stamp duty refund.

Below is a new sample letter to help owners in reclaiming stamp duty.

Your address

BT- Stamp Duty Land Tax

HMRC

BX9 1HD

Our Ref:  CL??????

Dear Sir/Madam

Payment of Stamp Duty at the Higher Rate:

I am writing to you regarding the payment of Stamp Duty on the purchase of my buy to let holiday home business at:

Your holiday properyy address

I am making a claim for overpayment relief under paragraph 34 Schedule 10 of the Finance Act 2003.

• UTRN XXXX (This number is on your tax return)
• Amount £000 (insert amount of duty paid)
• The property was purchased on 30^th December 2020. My solicitor made the error of placing the property in the residential property category and not as a business property. Therefore, the purchase price paid put the property above the current residential Stamp Duty threshold. The property was purchased as a business and is classed as business by the local authority- Cornwall County Council. The property can only be let for ten months in any one year and individual occupancy is a maximum of 28 days. As a business property, the purchase price paid would fall below the current business Stamp Duty threshold.
• Change from residential property, Code 02, to non-residential property Code 03.
• Bank:
• Sort Code-
• Account Number-

I look forward to you response at your earliest convenience. In the meantime, should you require any further information, please contact me.

Yours faithfully