30 SECOND TAX SPEED READ - SDLT 3% SURCHARGE
Extension of refund period
Where the surcharge is paid on completion but subsequently capable of being refunded (following the disposal of a previous main residence), the deadline for claiming that refund has been extended. Applications for refunds must now be made within 12 months of the sale of the old main residence or (if later) 12 months of the date the purchase of the new main residence.
Transactions with effective date on or after 29 October 2018.
Property Lawyers should update their internal practices and post completion checklists to record these new key deadlines.