The owner of a Hornchurch property has lost an appeal over a demand for £70,500 in higher rate stamp duty, claiming HMRC did not consider the 'human element'
The dispute related to an HMRC closure notice for a demand for £70,500 in higher rate stamp duty land tax (SDLT) related to the acquisition of a residential property.
The First Tier Tribunal has ruled that the appellant Mayfair Avenue Limited, represented by sole director Yasir Ali at the hearing, was a non-qualifying individual occupying the property and was liable for higher rate SDLT.
The property in question, 94 Mayfair Avenue in Hornchurch, Essex, had been Yasir Ali's family home for over a decade and he was the sole director of Mayfair Avenue Limited, a company which he set up in April 2021 as a vehicle to purchase the property when his buyer dropped out of a chain.
