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STAMP TAXES |
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Overpayments of SDLT See TM ¶9463 Overpaid SDLT can currently be reclaimed where there has been an excessive assessment caused by a mistake in a land transaction return. Legislation effective from 1 April 2011 will remove the requirement that the overpayment was caused by a mistake in a return and that it must have been subject to an assessment. Currently the reclaim can be made with in 6 years. That will be reduced to 4 years. The new rules will also confirm that HMRC is not liable to repay any amount except as provided for in legislation. Current restrictions on rights of appeal are also to be removed. |
