How to check and reclaim overpaid Stamp Duty
HMRC states buyers have 12 months from the filing date to amend any returns, including if a change means you’ve paid too much tax.
After 12 months, mistakes can’t usually be corrected but the deadline for claiming back overpaid tax is four years from the effective date of the transaction.
The first thing to do is to find out how much SDLT you paid – you can contact your solicitor to find out the amount if you don’t know it already, or we can help you.
HMRC don't make it simple. You’ll need to include a copy of the original SDLT return with your claim along with the following:
- An explanation of why you think you overpaid
- State which parts of the SDLT are wrong
- Give revised figures and confirm the amount of refund due
- Confirm who should be repaid (you’ll need to give permission for the money to be paid to someone else).
