COVID-19 – An exceptional circumstance for SDLT
Land Taxes » July 10, 2020
Important news for those who are looking to sell a previous main residence, to reclaim the 3% Stamp Duty Land Tax supplement paid on the purchase of their new home
HMRC have updated their manuals to confirm, if you are not able to sell your previous home within the 3 year time period during which you can reclaim the 3% supplement paid on your new home, then if the sale goes beyond the 3 year period due to exceptional circumstances, COVID-19 being one of them, you can still apply for a refund.
Great to see steps are being taken on some very specific areas such as this. If you have questions about this do get in touch with us.