shaw gibbs - accountants and business advisers
accountants & business advisers

Article

COVID-19 Advice for individuals: Relaxation of stamp duty surcharge reclaim

Article

COVID-19 Advice for individuals: Relaxation of stamp duty surcharge reclaim

10 Jun 2020

1 minute read

HMRC have confirmed that they will extend the normal three year time limit for refunds of higher rate stamp duty if a sale of a previous main residence was prevented due to COVID-19.

COVID-19 Advice for individuals: Relaxation of stamp duty surcharge reclaim - news article image

HMRC have confirmed that they will extend the normal three year time limit for refunds of higher rate stamp duty if a sale of a previous main residence was prevented due to COVID-19.

If there are exceptional circumstances that prevent you from selling your previous home within the three years then HMRC will extend the time limit where they are satisfied that the person: was prevented by some exceptional circumstance beyond their control from disposing of their previous main residence within the three year time limit and sold the previous main residence as soon as they reasonably could after ceasing to be so prevented.

The full HMRC guidance is here or book a meeting with me by emailing emily.hillier@shawgibbs.com

Author:

Emily Hiller

Associate Director Personal Tax

Related content

Need expert advice?

Speak to an expert for advice on
+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you

Email
info@shawgibbs.com

Author:

Emily Hiller

Associate Director Personal Tax

Need expert advice?

Speak to an expert for advice on
+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you

Email
info@shawgibbs.com

news article image

Capital gains Tax on divorcing couples

Married couples and civil partners can transfer assets such as property or shares between them without incurring capital gains tax under what is known as a ‘nil gain, nil loss’ process.

27 Sep 2022

news article image

Tips for landlords - ensuring tax efficiency

Firstly, it is important to claim allowable expenses as a deduction against rental income received, our ‘First time landlord’ article discusses these.

17 Mar 2022

news article image

Tips for first time landlords – Paying Income Tax

If you are renting your own house or even rooms within the property you live in, it is important to remember that you are classed as a landlord and therefore there are some obligations you may have to adhere to.

14 Mar 2022

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited

© 2023 Shaw Gibbs Ltd

Your registration