Advertorial: How to tell if you’ve paid too much stamp duty

19 November 2020

Issue: 7911 / Categories: Legal News , Property , Tax

Property buyers may be overpaying millions of pounds of stamp duty land tax (SDLT) each year, tax specialists Cornerstone has warned

Writing in NLJ this week (attached as a pdf below) Cornerstone’s David Hannah says: ‘Our estimate, based on internal research, is that as many as one in five SDLT returns may be being incorrectly completed on property purchases.’

But how do you tell if you’ve paid (or might be asked to pay) too much stamp duty? There is no easy answer and ‘no one-size-fits-all equation’, says Hannah.

Hannah outlines some reasons why solicitors make mistakes when calculating SDLT.

@Cornerstone_Tax

Issue Extract

NLJP_2020_Vol170_Issue7911_November_Cornerstone.pdf

Read Download

Issue: 7911 / Categories: Legal News , Property , Tax

Advertorial: How to tell if you’ve paid too much stamp duty

Property buyers may be overpaying millions of pounds of stamp duty land tax (SDLT) each year, tax specialists Cornerstone has warned

But how do you tell if you’ve paid (or might be asked to pay) too much stamp duty? There is no easy answer and ‘no one-size-fits-all equation’, says Hannah.

Hannah outlines some reasons why solicitors make mistakes when calculating SDLT.

@Cornerstone_Tax

Issue Extract

NLJP_2020_Vol170_Issue7911_November_Cornerstone.pdf

Read Download

Issue: 7911 / Categories: , Legal News , Property , Tax

SourceURL:

Links:

E-newsletter Sign-Up

MOVERS & SHAKERS

Read All

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS

Read All

NLJ this week: Small firms call for tech clarity as AI looms

Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ

NLJ this week: Traders’ convictions quashed in Libor shock

The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement

NLJ this week: Fraud claims climb as courts brace for AI threats

Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes

NLJ this week: Pro bono power without the red tape

Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ

NLJ this week: Trans pool player loses discrimination fight

Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ

Error message

Advertorial: How to tell if you’ve paid too much stamp duty

MOVERS & SHAKERS

DWF—19 appointments

Cadwalader—Andro Atlaga

Knights—Ella Dodgson & Rebecca Laffan