Renowned Developer Saves Just Shy Of £300,000

At Innovation 4 Business, we pride ourselves on our in-depth knowledge of the property landscape. This knowledge and experience means that we save our clients millions of pounds each year, as we have a detailed understanding of the regulations at hand.

Our team of specialists assist clients with their tax liability and any associated refunds by diligently assessing their transactions to assess whether any savings can be made. We’re passionate about helping clients navigate their way through these complex arenas, saving them both time and money.

Recently, we assisted our client, a niche developer, with several refund claims. As a result of our assistance and applying the correct reliefs, the developer received refunds from HMRC totalling £298,836.

Our Client’s Journey

Our client, Mark Allison from Sigma Homes came to us for assistance with sourcing potential SDLT refunds for their recent completions.

Sigma Homes operate in the south east of England building thoughtfully designed residences, which fuse local architectural vernacular with contemporary design and specification. The sites we reviewed for potential overpaid Stamp Duty Land Tax had been purchased in early 2021.

On these sites, our client demolished the existing buildings and built a total of 50 beautiful residential dwellings. We were able to review their portfolio and apply the correct reliefs and legislation to obtain a refund for them directly from HMRC.

For more information on some of their stunning sites visit www.sigmahomesgroup.co.uk.

Our Solution

We’ve handled two refund claims for this client, and both were successful. The client had specific timeframes in which to source the refund claims, and our extensive expertise within the industry meant we completed the claims on time.

When asked about our service, Mark Allison said:

“In each case the claims were handled professionally & swiftly and communication throughout the process was first class.

If I am honest, I was initially a tad sceptical that they could achieve the level of refunds suggested and, in the timeframes, projected. However, I am delighted to say that Innovation 4 Business achieved exactly what they set out to do and I could not be happier with the service we received.” Find out how we helped an established agent save over £7,000 on a property worth over £230,000.

How Innovation 4 Business Can Help

We are a team of highly experienced tax and research & development specialists, with an in-depth understanding of the world of stamp duty and other areas of property tax.

If you’ve recently purchased a property, or are a property developer looking for assistance with assessing whether you’ve paid the right amount of tax on your purchase, talk to us today.

Call 0121 309 0222 or email enquiries@innovation4business.com to find out more about how we can help you.