‘Impossible’ – This was a single released by American singer Perry Como in 1970, which was nominated for a Grammy.
It was a love song, but Perry could have also been singing about Stamp Duty Land Tax.
This is a deeply misunderstood tax relating to the acquisition of residential and mixed-use property.
Unless you are an expert you don’t have the time to understand and implement the various exemptions and reliefs.
Consequently, billions have probably been overpaid to HMRC.
But fear not, if you are a property developer or investor, a home buyer or involved in a pension fund that has acquired property and paid this tax, you may be able to backdate a claim 4 years ?
Recently we saved £70K where a property was transferred into a Pension Fund and SDLT was paid incorrectly.
Please get in touch and our team of experts can tell you if you may have a refund, or can avoid paying too much in the future.
In the meantime, you can listen to Perry, take it away Mr Como …..