Stamp Duty & Land Tax

It is usually worthwhile to undertake a professional tax valuation of the contents and fittings that formed part of your property purchase.

You should only be paying stamp duty on the land and building, and not on the contents within it.  This is very clear from the HMRC guidance, which can be found in the Finance Act 2003.

The identification of the items that will enable you to claim a tax refund, is only part of this valuation process. Often the contents are completely over-looked when your Stamp Duty Land Tax payment is calculated. Where they have been identified, a simple second-hand value or replacement value usually is used. This is wrong.

Our service will identify and correctly value all items that qualify as contents under HMRC rules. The correct tax value of the contents is deducted from the full purchase price, which is typically used to calculate your SDLT payment.

You will then receive a refund of your overpaid tax.