Claiming back stamp duty
Claiming back stamp duty
Author
Discussion

ghamer

Original Poster:

626 posts

184 months

Thursday 7th July 2022
quotequote all
Don't know if this can be done but we bought our gaff last year just missing out on the reduced stamp duty.Moved in Nov 21.Wife utterly dislikes new area so we are moving back to previous area.Present gaff sold stc and should be complete in August.We have found new gaff and this should also complete in August along with another chunk of stamp to be paid.

My question is can we claim back the stamp duty we paid in Nov 21 due to not living there very long.I'm sure I've heard/read somewhere that this is possible?I've emailed our conveyancing solicitor but she didn't know and advised to speak to an accountant.As I don't know any but I know there are a few knowledgeable finance fellows on here.

TIA

craigjm

21,393 posts

229 months

Thursday 7th July 2022
quotequote all
No, you can only claim a stamp duty refund if you paid stamp duty on the new place as if it was a second home because you hadn’t yet sold your main residence. If you sell the main residence within three years you can get a refund on the difference. You can’t get a refund just because you messed up and bought somewhere you didn’t like so decide to sell quick

KTF

10,634 posts

179 months

Friday 8th July 2022
quotequote all
ghamer said:
My question is can we claim back the stamp duty we paid in Nov 21 due to not living there very long.
No.

ghamer

Original Poster:

626 posts

184 months

Friday 8th July 2022
quotequote all
Fair enough,thanks guys.Luckily in the 6 mths the house has appreciated enough to cover for it.