logo
HMRC warns home buyers about bogus stamp duty repayment claims

HMRC warns home buyers about bogus stamp duty repayment claims

Independent2 days ago
Home buyers are being warned by HM Revenue and Customs (HMRC) to avoid false claims about stamp duty.
The revenue body said it is actively pursuing agents who make false stamp duty land tax repayment claims.
Some agents have suggested that, for a fee, they can reclaim stamp duty the buyer has already paid by saying the property is non-residential because it is uninhabitable, HMRC said.
It warned making claims of this kind often leave the homeowner liable for the full amount of stamp duty, plus penalties and interest.
HMRC said its long-standing view is that if a property requires repairs but retains the fundamental characteristics of a home, it is still suitable for use as a home and attracts residential rates of stamp duty.
A key factor in determining suitability is whether a property was previously used as a home, it added.
HMRC said it is using civil and criminal powers to deal with those who undermine the tax system.
Anthony Burke, HMRC's deputy director of compliance assets, said: 'Home buyers should be cautious of allowing someone to make a stamp duty land tax repayment claim on their behalf.
'If the claim is inaccurate, you could end up paying more than the amount you were trying to recover.'
Stamp duty applies in England and Northern Ireland.
Anyone who is unsure of the rules should check the stamp duty guidance on gov.uk, HMRC said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Increased police presence' at asylum hotel protest
‘Increased police presence' at asylum hotel protest

The Independent

timea few seconds ago

  • The Independent

‘Increased police presence' at asylum hotel protest

A protest against the use of a hotel to accommodate asylum seekers will see an 'increased police presence', the Metropolitan Police has said. The force has imposed conditions on a protest and counter protest outside the Thistle City Barbican Hotel in Islington, north London, on Saturday. A protest and counter protest will also take place in Newcastle outside The New Bridge Hotel on Saturday. The Metropolitan Police said the protest against the use of the Islington hotel was organised by local residents under the banner 'Thistle Barbican needs to go – locals say no'. A counter protest, organised by Stand Up To Racism and supported by former Labour leader Jeremy Corbyn, as well as other groups including Finsbury Park Mosque and Islington Labour Party, will also take place. Police said the anti-asylum hotel protest had been 'endorsed by groups from outside the local community which is likely to increase the number of people attending'. Online groups that have voiced support for the protest include 'Patriots of Britain' and 'Together for the Children'. The Metropolitan Police said plans were in place to 'respond to any protest activity in the vicinity of other hotels in London being used to accommodate asylum seekers'. Conditions on the anti-asylum hotel protest include that anyone participating must remain within King Charles Square and that the assembly must not begin before 1pm and must conclude by 4pm. Police said conditions on the counter protest include that participants must remain in Lever Street, near the junction with Central Street, and that the assembly must not begin before 12pm and must conclude by 4pm. Chief Superintendent Clair Haynes, in charge of the policing operation, said: 'We have been in discussions with the organisers of both protests in recent days, building on the ongoing engagement between local officers, community groups and partners. 'We understand that there are strongly held views on all sides. 'Our officers will police without fear or favour, ensuring those exercising their right to protest can do so safely but intervening at the first sign of actions that cross the line into criminality. 'We have used our powers under the Public Order Act to put conditions in place to prevent serious disorder and to minimise serious disruption to the lives of people and businesses in the local community. 'Those conditions identify two distinct protest areas where the protests must take place, meaning the groups will be separated but still within sight and sound of each other.' There are also posts online advertising a 'for our children, for our future' protest in Newcastle on Saturday outside The New Bridge Hotel. A 'stop the far right and fascists in Newcastle' counter protest has been organised by Stand Up To Racism at the nearby Laing Art Gallery. In a statement, the organisers of the counter protest said: 'Yet again far-right and fascist thugs are intent on bringing their message of hate to Newcastle. They aim to build on years of Islamophobia, anti-migrant sentiment and scapegoating. 'In Epping and elsewhere recently we have already seen intimidation and violence aimed at refugees, migrants and asylum seekers. 'Newcastle, like the rest of the North East, has a well-earned reputation for unity in the face of those who seek to divide us. Whatever problems we face, racism and division are not the answer.'

Government defends Online Safety Act after X claims it threatens free speech
Government defends Online Safety Act after X claims it threatens free speech

The Independent

timea few seconds ago

  • The Independent

Government defends Online Safety Act after X claims it threatens free speech

The Government has defended the Online Safety Act after Elon Musk's X said the legislation was threatening free speech. In a post titled What Happens When Oversight Becomes Overreach, the platform, formerly known as Twitter, outlined criticism of the act and the 'heavy-handed' UK regulators. The Government countered that it is 'demonstrably false' that the Online Safety Act compromises free speech and said it is not designed to censor political debate. Under rules that came into effect on July 25, online platforms must take steps to prevent children accessing harmful content such as pornography or material that encourages suicide. This includes a new duty for online providers to reduce the risk that users encounter illegal content as well as age verification measures in the UK to access pornographic content. 'As a result, the act's laudable intentions are at risk of being overshadowed by the breadth of its regulatory reach. Without a more balanced, collaborative approach, free speech will suffer,' X said. It accused regulators of taking a 'heavy-handed approach' and said that 'many are now concerned that a plan ostensibly intended to keep children safe is at risk of seriously infringing on the public's right to free expression'. Ofcom said this week it had launched investigations into 34 pornography sites for new age-check requirements. The company said 'a balanced approach is the only way to protect individual liberties, encourage innovation and safeguard children'. A Government spokesperson said: 'It is demonstrably false that the Online Safety Act compromises free speech. 'As well as legal duties to keep children safe, the very same law places clear and unequivocal duties on platforms to protect freedom of expression. Failure to meet either obligation can lead to severe penalties, including fines of up to 10% of global revenue or £18 million, whichever is greater. 'The Act is not designed to censor political debate and does not require platforms to age gate any content other than those which present the most serious risks to children such as pornography or suicide and self-harm content. 'Platforms have had several months to prepare for this law. It is a disservice to their users to hide behind deadlines as an excuse for failing to properly implement it.' Technology Secretary Peter Kyle became embroiled in a row with Nigel Farage earlier this week over Reform UK's pledge that it would scrap the Act if the party came into power. He said the Reform UK leader of being on the side of 'extreme pornographers'.

Volkswagen, Skoda and Cupra slash electric car prices
Volkswagen, Skoda and Cupra slash electric car prices

Auto Express

timea few seconds ago

  • Auto Express

Volkswagen, Skoda and Cupra slash electric car prices

The Volkswagen Group has decided it doesn't want to wait around and see which of its EVs are eligible for the government's new Electric Car Grant scheme, and has cut £1,500 from the price of selected electric cars from Volkswagen, Skoda and Cupra. The government recently announced a grant scheme for fully electric cars costing under £37,000, but it's still unclear which models will be eligible for £1,500 or £3,750 off their respective price tag. It's dependent on complex sustainability criteria – which is why we don't know which models will meet the government's grant just yet. For Volkswagen, the electric cars that fall under the German firm's new £1,500 'Grant Guarantee' include the ID.3 in Pure, Pro and Pro trim levels, along with the ID.4 in Pure and Pro - essentially excluding the GTX from both. The £1,500 grant would bring the entry-level ID.3 Pure Essential's price down to £29,360 and the ID.4 Pure Match to £38,090. Advertisement - Article continues below If the new £1,500 grant from Volkswagen isn't enough to tempt you, then check out the big savings through the Auto Express marketplace, where you'll find great deals on loads of pure-electric cars. As for Skoda, its grant covers the Elroq and Enyaq, in SE, SE L, Edition and SportLine trim. With the grant the Elroq will cost from £30,010 and the Enyaq £38,190. Cupra's grant is on the Born hatchback on V1, V2 and V3 trim levels - lowering the base price to £34,190. All three brands will run their new £1,500 'Grant Guarantee' until 31 August. Volkswagen, Skoda and Cupra all say their grant 'will honour the £1,500 grant on the vehicles specified, even if the Government's grant is not awarded'. You won't be able to receive both the 'Grant Guarantee' and the Government Electric Car Grant on any of those models however. The latest moves follow similar offers or incentives from brands including Hyundai, Alfa Romeo, Kia and Leapmotor. Configure your perfect Skoda Elroq through our Find A Car service now. Alternatively, check out the best deals out there on a new Skoda Elroq from stock or top prices on used Skoda Elroq models...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store