Posted: Mon 21st Apr 2014

Hundreds of home-owners in Deeside could be eligible for a stamp duty refund

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Monday, Apr 21st, 2014


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However, you will need to be quick as the deadline to claim is 5 May 2014

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Those who bought properties in so called “disadvantaged” areas including parts of Shotton, Queensferry and Connah’s Quay could reclaim up to £1,500 in stamp duty.

Home-owners who paid less than £150,000 for their house between 1 December 2003 and 5 April 2013 in one of the area’s classed as “disadvantaged” will be eligible for the rebate if they initially paid 1% stamp duty on their properties.

With the average house price in Deeside around  £147,000 anyone who paid the 1% stamp duty between 1 December 2003 and 5 April 2013 would be able to reclaim £1470.

HMRC says about 30,000 people a year bought a property in a “disadvantaged” area, meaning up to 300,000 people in the UK could claim.

Even if you let out your property, you can claim, if you meet the other eligibility criteria.

To reclaim any overpaid stamp duty you will need to complete a Stamp Duty Land Tax return on the HMRC website even though there is no SDLT payable.

You can use the HMRC postcode search tool to see whether your property is situated in a qualifying area for Disadvantaged Areas Relief.

Disadvantaged Areas Relief: postcode search tool

There is more information here on the HMRC website 

Those areas classed as disadvantaged:

Deeside

  • Higher and East Shotton
  • Sealand
  • Connah’s Quay Central
  • Queensferry
  • Saltney

Other Flintshire Area’s

  • Flint Castle
  • Ffynnongroyw
  • Mold West
  • Bagillt West
  • Mostyn
  • Holywell West
  • Greenfield
  • Gronant
  • Holywell East
  • Flint Oakenholt

 

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