SDLT Reliefs For Expats – Avoid Overpaying Stamp Duty (SDLT)

SDLT Reliefs For Expats - Avoid Overpaying Stamp Duty (SDLT)

How Expats Can Benefit from SDLT Reliefs and Avoid Overpaying

When buying property in the UK, many expats find themselves overpaying Stamp Duty Land Tax (SDLT) because their conveyancers fail to apply the correct reliefs. This can result in unnecessary costs and frustration. Understanding the available SDLT reliefs for expats can make a significant difference in the amount of Stamp Duty you owe.

At Liquid Expat Mortgages, we’ve seen first hand how this lack of expertise can affect our clients. Recently, we helped one expat avoid overpaying £16,300 in SDLT due to their conveyancer’s oversight. This example shows the importance of seeking advice from specialists who understand the intricacies of SDLT reliefs for expats.

Specialist Support for SDLT Reliefs

While Liquid Expat Mortgages doesn’t provide direct legal or tax advice, we collaborate with a specialist partner who works alongside your UK solicitor or conveyancer. Our partner ensures that the correct HRMS reliefs are applied, which could potentially save you a substantial amount on your property purchase, and retrospectively 4 years for a previous purchase.

Simple and Free SDLT Check for Expats

For expats looking to minimise their SDLT costs, we offer a simple and free SDLT check. This service helps you understand exactly what SDLT you should be paying, based on your property’s characteristics. Furthermore, our partner can assist with claiming refunds for overpaid SDLT on property purchases made within the last four years.

Properties That Qualify for SDLT Reliefs

Certain types of properties are more likely to qualify for SDLT reliefs, including:

  • Holiday lets
  • Commercial properties
  • Woodland
  • Paddocks and stables
  • Annexes and other outbuildings
  • Airbnb properties

If you’ve purchased any of these property types within the past four years, you could still be eligible for a refund. All we need is the property address, purchase date, and purchase price to get started.

Don’t Overpay on Your SDLT

Avoiding overpayment on Stamp Duty can be complex, but with the right guidance, expats can take advantage of SDLT reliefs that reduce their costs. Let Liquid Expat Mortgages and our specialist partners help you navigate this process, ensuring you pay only what’s necessary and nothing more.

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