The time limit for claiming a repayment of the 3% higher rate of stamp duty land tax (SDLT) for additional dwellings will be extended for individuals who pay it on the purchase of a new property which they intend to be used as a main residence, and who sell their previous main residence within three years of that purchase.
Under the new rules, a repayment claim will need to be made on or before the later of:
Individuals seeking a refund of the higher rate of SDLT for additional dwellings.
The time limit changes will apply where the effective date of sale of the old home is on or after 29 October 2017.
This is a welcome change which will give individuals more time within which to claim a refund of the 3% higher rate of SDLT for additional dwellings.