Stamp Duty Refunds for Property Investors and Developers

After several legal cases over the past four years between HMRC and Cornerstone Tax, HMRC has now amended their online guidance regarding the 3% stamp duty surcharge for Multiple Dwellings Relief claims. According to the chairman and chief executive of Cornerstone Tax, David Hannah, investors or developers who paid the 3% stamp duty surcharge for mixed-use multiple dwellings since 2016 will now be "entitled to a refund". 

In 2016, HMRC initially stated that the 3% stamp duty surcharge applied to the acquisition of second homes, residential properties that were bought for investment purposes and Multiple Dwellings Relief claims, even if they were not completely residential. 

Read the full article here: Property Industry Eye

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