Upon purchasing a property in the UK, buyers are obligated to pay a Stamp Duty Land Tax (SDLT). This tax applies to most properties in England and Northern Ireland, with Scotland and Wales having their own similar tax schemes.  

The amount you pay for Stamp Duty is dependent upon when you bought the property, how much you paid for it, and whether you’re eligible for relief or an exemption. The more expensive the property, the higher the tax will be as it is calculated as a percentage of the value of the property as a whole. This added cost of buying a new property can sometimes cause financial strain on buyers, who have no choice but to turn to family, friends, or even short-term loan companies to cover the tax cost.

It does not matter the type of residential property – whether it is a house, bungalow, or flat – provided you have purchased a property worth over £250,000, then you are obliged to pay SDLT (unless exempt).

What Is A Stamp Duty Rebate?

However, in some cases, you may be entitled to reclaim some or even all of the Stamp Duty paid according to the government exemptions and rules – this is known as a Stamp Duty Rebate.

Regarding whether you can receive a Stamp Duty Rebate for a flat, the answer is yes. Much like a house, there are some cases where a person may be eligible for a stamp duty refund for a flat. As long as it is a residential property then the same rules apply.

For example, you may be eligible for a rebate if your flat was miscalculated and you paid more tax than necessary. This is not the most uncommon of scenarios, so it is definitely worth finding out whether you are owed money by HMRC.

Am I Eligible For A Stamp Duty Rebate?

There are many factors that can determine whether someone qualifies for a rebate. Again, it may be dependent upon the type of property bought and the date of purchase. Though you could be eligible for some financial reimbursement if you fall under one of the following categories (applicable to both flats and houses):

Second Home Stamp Duty RebateYou may be eligible for a rebate if you purchased your second home and sold your main residential property within 3 years of paying the additional 3% surcharge.

Shared Ownership Stamp Duty Rebate For First-Time BuyersThe purchase of a shared ownership property for first-time buyers will act as an exemption from Stamp Duty, so long as the property’s value does not exceed £500,000.

Property DefectsIf your property had defects when you bought it or is deemed uninhabitable, then you may qualify for a Stamp Duty Rebate. Defects can include faulty electrics, structural issues, dampness, or generally not fulfilling basic hygiene requirements.

How Do I Apply For A Stamp Duty Rebate For A Flat?

If you believe you could be entitled to a Stamp Duty Rebate, it is advisable to apply as soon as possible. Delays within the process may, in some circumstances, impact how long it takes to receive your money or even the amount acquired.

If applying yourself, you can complete HMRC’s online form which is usually quick and easy to fill out. Alternatively, you can send your application by post if you prefer. All the information you need can be found on HMRC’s website. To make the process go smoothly, it is important to ensure you have all the necessary information on hand regarding yourself, your property, and the original Stamp Duty Land Tax you paid.