Have you paid stamp duty land tax on a second property that was uninhabitable at the time of completion? The Primas team handles cases on behalf of landlords and property owners to help reclaim overpaid stamp duty surcharges.
- A recent landmark case found that properties that are not immediately habitable at the time of completion are not to be defined as a “dwelling” under the Finance Act 2003.
- This means that owners are not liable to pay the additional three per cent ‘second home surcharge’.
- As a result of this case, Primas is working on behalf of property owners and landlords who unknowingly overpaid on stamp duty and have been instructed to act for a number of owners to recover stamp duty paid on properties which shouldn’t have attracted the additional tax.
- The team has so far reclaimed over £100,000 for its varying clients, with a recent case re-claiming over £28,000 in overpaid stamp duty surcharges.