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First-time buyers can apply for post-Budget SDLT refund

Dec 07, 2017

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First-time buyers who inadvertently paid stamp duty on property purchases completed since the Budget on 22 November will be able to claim refunds, HM Revenue & Customs has confirmed.

The Chancellor, Philip Hammond, announced on 22 November that anyone buying their first home for less than £300,000 will not pay any stamp duty tax, while those who buy property worth up to £500,000 will get partial relief.

However, buyers who completed their property purchase since the Budget on Nov 22, particularly on the day itself, may have still paid stamp duty.

HMRC said the stamp duty exemption applied to any purchase completed on or after Budget day so anyone who may have paid too much stamp duty should go to gov.uk and visit the section on stamp duty changes.