Stamp Duty Refunds on Chattels Included in Property Purchases

Guidance on Claiming SDLT Refund on Chattels for Property Investors & Developers

If your property purchase includes chattels, you may be eligible to claim a Stamp Duty Land Tax (SDLT) refund. At UK Property Accountants, our expert team will guide you through the necessary steps to claim this refund – from accurately valuing the chattels to filing your refund claim with HMRC.

Claim Your SDLT Refund

UK Property Accountants Provides Expert Support

We know how complex property purchases can be. We at UK Property Accountants are here to help you navigate the process of claiming a SDLT refund on chattels, ensuring you don’t overpay. With our expert guidance, we simplify the paperwork, ensure compliance with HMRC and help you save money.

Chattel Valuation

We evaluate the chattels to ensure the correct market value is accurately reflected in refund claims.

Chattel Tax Advisory

Our team offers in-depth advisory on identifying eligible chattels to ensure your SDLT liability is reduced.

HMRC Representation

Not only do we help you with the SDLT refund process, but we also represent you with HMRC for correspondence.

What our clients say about us

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Rendering the best service with a team of qualified and regulated accountants and tax advisers.

Understanding Chattels

Knowing What Are Chattels & What Are Not Chattels

Chattels are movable items or personal property that are not fixed to land or buildings. These items can be easily moved from one place to another without causing damage to the property.
 Items that aren't regarded as chattels are typically those that are permanently fixed to the property or are integral to its structure or function. These are often referred to as fixtures rather than chattels. 

What are Chattels

  • Furniture like sofas, tables & chairs
  • Appliances like refrigerators, washing machines & ovens 
  • Fittings like carpets, curtains & light fixtures
  • Other movable items like artwork, ornaments & garden equipment

What are Not Chattels

  • Fitted furniture like built-in wardrobes & cabinets
  • Appliances fixed to the property such as built-in ovens or dishwashers
  • Central heating systems
  • Windows, doors & flooring

To fulfil legal obligation

To avoid penalties

Maximise Your Savings on Chattels

Ensure You Don’t Miss Out SDLT Refund on Chattels with UK Property Accountants

If you’ve bought property that includes chattels like furniture or appliances, you might be entitled to a Stamp Duty Land Tax refund on the value of those chattels. UK Property Accountants can help you claim that refund easily.

Chattel Classification

We accurately classify chattels vs. fixtures, ensuring your SDLT refund is precise for mixed-use or complex properties.

Chattel Price Breakdown

We ensure the value of chattels is clearly separated from the property price to avoid unnecessary SDLT charges.

HMRC Support

Our experts handle HMRC compliance, providing full support to ensure your claim is backed up and in line with regulations.

Post-Refund Tax Strategy

We help you optimise your tax strategy and future property purchases involving chattels to maximise savings.

Our process

How We Work

Our work is centred around efficiency, collaboration, and delivering exceptional results to our clients.

Initial Discovery Call

We start with a straightforward process. Answer a few simple questions to help us understand your circumstances. It’s hassle-free, quick and designed to save you time.

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Data Gathering and Analysis

Once we have the details, our team of experienced accountants gets to work. You can trust us to manage the complexities and ensure everything is accurate and compliant.

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Thorough Review & Timely Submission

We conduct a meticulous review to ensure accuracy, compliance, and completeness in every submission. Our streamlined process guarantees timely submissions, so you never miss a deadline.

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Henderson Acquisitions Ltd v HMRC Discussion of case

Ongoing Support

Our commitment extends beyond accounting and tax advisory work. We provide ongoing support, including tax planning and addressing accounting queries throughout the year.

Meet Our Experts

We are a team made up of people from all walks of life who share a common passion for simplifying complex tax property accounting and compliance for you.

Raju Gajurel is a qualified chartered accountant and chartered tax adviser with more than 22+ years’ experience in accounting, finance, and taxation.
Raju Gajurel
CEO
Peter is a pragmatic, thoughtful and experienced property tax adviser and accountant who always strives to find the best solution for clients’ accounting and tax problems.
Peter Kyprianou
DIRECTOR OF CLIENT SERVICES
Runal is an experienced property tax adviser who specialises in company tax planning and VAT compliance, ensuring optimal solutions for diverse client needs.
Runal Bhattarai
DIRECTOR OF CLIENT SERVICES
Richard, with exposure in aerospace, engineering, education, and finance sectors, thrives on providing effective analytical solutions for clients.
Richard Paul Siddons
CLIENT SERVICE ASSOCIATE

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We are committed to helping you achieve financial prosperity while optimising your tax position in the most effective and efficient way possible.

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Latest News & Articles

Dive into our latest news & articles on property, finance and tax-related content.

Our Articles Covering Stamp Duty Refunds on Chattels

Our Latest News on Stamp Duty Refunds on Chattels

FAQs

General queries by our clients related to SDLT Refund on Chattels are answered here.

Can You Reclaim VAT on Services Purchased Under TOMS?

Under the Tour Operators' Margin Scheme (TOMS), businesses cannot reclaim. VAT is only applied to the margin—the difference between the total sales price of the package and the cost of the services purchased. 

Do permanent residents need to declare NRL forms?

NRL forms are relevant only to non-resident landlords (NRLs) in the UK. You are considered a non-resident landlord if you live outside the UK for more than six months. If you are a permanent UK resident, you do not need to declare NRL forms unless you spend more than six months outside the UK.

What documents do I need to provide for my Self Assessment?

For your Self Assessment Tax Return, you must declare all income earned during the tax year.

  • UK Residents - Declare income from worldwide sources.
  • Non-UK Residents - Declare only UK income.

The specific documents required depend on your income sources.

Can I deduct the full mortgage interest paid on my buy-to-let property?

No, since April 2020, landlords cannot deduct full mortgage interest as an expense. Instead, a basic rate relief is provided. The relief is calculated at 20% of the lower of:

  • Finance costs (costs not deducted from rental income in the current year)
  • Property business profits (profits after accounting for carried-forward losses)
  • Adjusted total income (total income minus the personal allowance)

Can I use payslips if my employer cannot provide P60 or P45 documents for Self Assessment?

Yes, you can use your payslips if you do not have a P60 or P45. The P60 reflects your total annual employment income and the P45 is issued when you leave a company mid-year. If neither is available, the amount in your payslips can be submitted, and the income shown will be declared in your tax return.

How can UK Property Accountants help with my Self Assessment?

As specialised accountants, we provide comprehensive support for your Self Assessment Tax Return. Once we receive the necessary information, we will:

  • Prepare and file your tax return
  • Answer your questions and provide guidance on your return
  • Notify you of payment deadlines and assist with managing accounts

Have more questions? Check out our Complete Guide for everything you need to know about SDLT refund on chattels in one place.

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