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House Price Crash Forum

Developers and Investors due tax rebate ?

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HMRC has changed what has been termed as ‘incorrect guidance online’, meaning that property investors and developers could be owed hundreds of thousands of pounds in stamp duty refunds.

The guidance surrounds the 3% stamp duty surcharge introduced in 2016, on the acquisition of second homes or residential properties that were bought for investment purposes. HMRC issued guidance that this also applied to Multiple Dwellings Relief claims, even if they were not wholly residential.

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