Mixed-use home-owners should ‘expect greater scrutiny from HMRC in all SDLT claims’, warns accountant

Views

A pudding entrepreneur has landed a significant Stamp Duty bill after a 'misguided' attempt at a refund based on mixed-use rather than residential rates for a country home. It's 'a sticky mess', says accountancy firm Hillier Hopkins, that should serve as a warning to other landed home-owners tempted by the 'aggressive claims' 0f some tax refund agents.

Written by

Natasha Heron

Tax Manager at Hillier Hopkins

Natasha is a member of the ICAEW as a qualified auditor and the Chartered Institute of Taxation, specialising in indirect taxes. Natasha has developed a specialism as an adviser on the Stamp Duty Land Tax implications of property transactions.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

What to read next

Views

The buyer of a barn conversion with 39 acres has managed to pull-off a 'rare win' to pay the lower Stamp Duty rate for mixed-use properties, says Helen Coward of Charles Russell Speechlys.
Feature

Required Reading: Mishcon de Reya provides an essential briefing on the key announcements in yesterday's Budget statement, highlighting 11 need-to-know policy and tax changes...
Views

Matt Spencer and Charlotte Jeanroy of Kingsley Napley explore the 'wonderfully complicated' world of Stamp Duty, highlighting a number of legitimate ways buyers can mitigate their transaction tax burden.