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Our Experts will Reduce Taxes on Derelict Properties.

Don't Give Up! You Can Save SDLT on Derelict Property

Many homeowners and property purchasers pay 3% additional SDLT surcharge on purchase of additional dwelling or property which are unsuitable for use or derelict.

You can claim back Stamp Duty Land Tax of Derelict properties you intend to renovate or bring to use.

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Spearheaded by the UK's polished professional bodies, ACCA and CIOT, we vouch that we render the best service from our qualified and regulated accountants and tax advisers.

We aim to save you the Stamp Duty on Derelict Property.

What You Need to Know about Derelict Property?

Our experienced advisers will work with you to understand your goals, assess your tax liability, and develop a personalised plan that meets your needs. We'll guide you through every step of the process, ensuring that you have a clear understanding of your options and the potential outcomes.

Claiming SDLT

Homeowners and property purchasers can sometimes benefit from their property being classified or qualifying as Derelict property.

Even after the purchase if a derelict property determination is made. The commercial rate of SDLT will be charged, and not the residential property rate and home purchasers can receive a refund depending on their SDLT liability.

Companies purchasing residential property will be subject to higher rates of SDLT, including the first purchase of residential property.

Dwelling and Suitable for Use as a Dwelling

HMRC considers a Dwelling as;  A building or part of a building counts as a dwelling if:

  • it is used or suitable for ‘use as a single dwelling’, or
  • it is in the process of being constructed, or
  • adapted for such use.
  • Privacy and Security
  • Sleeping Area
  • Kitchen and Bathroom

First Tier Tribunal (FTT)in P N Bewely vs HMRC & Fiander & Brower Vs. HMRC defined ‘suitable for use as a dwelling’ as having among others, these basic features:

Dwelling and Suitable for Use as a Dwelling

Internal changes, like removal of the bathroom or kitchen before selling or purchasing, do not count as structural changes and will not be seen as making the building unfit to be used as a dwelling.

There is a clear difference between derelict property and a home that can be lived in but needs to be updated, renovated, or fixed. These problems can be fixed without changing the property's structure in a major way.

When claiming a property as "derelict," the non-residential SDLT rate is used because the property isn't fit to be a home or residential property.

3% Additional SDLT surcharge and Who is Affected?

We'll provide you with a written advice report that outlines our recommendations and explains how they'll benefit you.

If necessary, we'll also conduct a verbal paid consultation to answer any questions or concerns you may have.

Why Choose us for your Derelicts Property filing?

We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.

Expertise

We offer a team of experienced tax professionals who are well-versed in SDLT on derelict residential Property.

Efficiency

We pride ourselves on our quick turnaround times and efficient processes, ensuring that your request is completed in a timely manner and without any delays.

Tailored Service

We take the time to understand your unique circumstances and tailor our services to your specific needs, so you can rest assured that you're getting the best possible advice and support.

Competitive Pricing

Our services are competitively priced, and we offer a range of packages to suit different budgets and needs, so you can get the help you need without breaking the bank.

Peace of Mind

With our expertise and experience, you can relax knowing that your SDLT Claim/refund on derelict property is in good hands and that you're fully compliant with all relevant regulations and requirements.

Convenience

We make it easy to claim your SDLT by handling all the paperwork and filing on your behalf, so you don't have to worry about any of the details.

Our process

How We Work

Our property tax professionals do an assessment of the property. The tax department here at our company computes the potential savings in SDLT. You will receive tax advice in written form from us.

Fill Assessment Form

You are required to complete out the assessment form in its whole, giving us with all of the relevant information.

Review Your Situation

We look over the information that was sent to us through the assessment form.

Explore the Options

We will explore the best possible options in adherence to SDLT practice for Derelict properties

Issue Written Tax Advice

In accordance with the norms and regulations of HMRC, we will provide you with written tax advice pertaining to your property.

Amendment of Return

We will help you with the amendment of Stamp Duty  Land Taxes (SDLT) return to claim the back overpaid SDLT.

Follow Up

We maintain contact with HM Revenue and Customs (HMRC) in case there are any inconsistencies that need to be rectified.

Here is our awesome team

Great things in business are never done by one person. At UK Property Accountants, it is done by a team of people evolved from different walks of life. We are trained and experienced in property tax, accounting and compliance matters, and most of us are qualified as Chartered Accountants, Chartered Certified Accountants, Chartered Tax Advisers or Chartered Financial Analyst. 

Our Blogs

Read Our Stamp Duty and Land Tax Articles

Henderson Acquisitions Ltd v HMRC: SDLT & Property Suitability Case

The case of Henderson Acquisitions Ltd v HM Revenue & Customs (HMRC) centers around an appeal brought by

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Buyer Loses £12k Stamp Duty Refund Appeal for Derelict Bungalow

A recent UK Resident, for the context of this article lets call him, Simon: recently faced a setback

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Amarjeet Mudan & Tajinder Mudan v The HMRC Commissioners

Mr. and Mrs. Mudan (the appellant) purchased 14 Liskeard Gardens, London SE3, for £1,755,000 on 5 August 2019,

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Trust UK Property Accountants to Optimise Returns and Minimise Hassles!

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