How to avoid stamp duty refund fraud
HMRC have noticed an increase in claims for Stamp Duty refunds that are incorrect.
The warning comes after a recent spate of Stamp Duty refund claims to HMRC failed to meet specific criteria.
New property owners are being warned about cold calls from scammers that could leave them with a large tax bill.
The rogue agents have been known to call new property owners after finding them through Land Registry records and property search websites, claiming they have been overpaid.
What to do if you are approached
Anyone approached about a Stamp Duty refund claim should check with their original conveyancer, take independent professional advice and check HMRC’s guidance by searching ‘Stamp Duty Land Tax’ on GOV.UK. You can also contact the HMRC helpline on 0300 2003 510.
Don’t be pressured into making a decision by any cold-callers. When you are feeling pressured, hang up and give yourself some time to think.
Citizens Advice is also a valuable resource.
If you’ve been scammed, you need to:
- Protect yourself from further risks
- Check if you can get your money back
- Report the scam
You can use Citizen Advice’s online scams helper to get advice which is specific to you.