{"id":6033714,"date":"2020-11-23T13:45:30","date_gmt":"2020-11-23T13:45:30","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6033714"},"modified":"2020-11-23T13:45:30","modified_gmt":"2020-11-23T13:45:30","slug":"property-investors-may-be-entitled-to-stamp-duty-refunds","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/zh-hk\/2020\/11\/23\/property-investors-may-be-entitled-to-stamp-duty-refunds\/","title":{"rendered":"Property investors may be entitled to stamp duty refunds"},"content":{"rendered":"

HMRC has recently changed its guidance for stamp duty and multiple dwellings relief claims. Could you be entitled to a stamp duty refund?<\/strong><\/p>\n

Last week, HMRC changed its guidance surrounding the 3% stamp duty surcharge on second homes or property investments<\/a> in the Stamp Duty Land Tax (SDLT) Manual<\/a>. If an investor purchases a non-residential property or a mixed-use property, the 3% surcharge does not apply. These transactions are instead taxed at the non-residential rates of stamp duty.<\/p>\n

When more than one property is bought in the same transaction or within a linked transaction, multiple dwellings relief is available. This can reduce the stamp duty bill. However, when this relief has been claimed on mixed-use property, things have become complicated.<\/p>\n

Previously, HMRC issued guidance that was deemed \u201cincorrect\u201d that the additional 3% stamp duty surcharge on second properties also applied to multiple dwellings relief<\/a> claims for mixed-use purchases, even if the properties were not entirely residential. That guidance has now changed.<\/p>\n

In the updated manual, HMRC states the 3% surcharge only applies to the purchase of non-residential or mixed-use land if both of the following conditions are met:<\/p>\n