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

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Firm expands London disputes practice with senior partner hire

Druces—Lisa Cardy

Senior associate promotion strengthens real estate offering

Charles Russell Speechlys—Robert Lundie Smith

Leading patent litigator joins intellectual property team

NEWS

Read All

Tribute to Sir Geoffrey Bindman KC

Human rights lawyers, social justice champion, co-founder of the law firm Bindmans, and NLJ columnist Sir Geoffrey Bindman KC has died at the age of 92 years

NLJ this week: Law Society calls for clarity on AML

The government’s plan to introduce a Single Professional Services Supervisor could erode vital legal-sector expertise, warns Mark Evans, president of the Law Society of England and Wales, in NLJ this week

NLJ this week: Turning corporate liability into opportunity

Writing in NLJ this week, Jonathan Fisher KC of Red Lion Chambers argues that the ‘failure to prevent’ model of corporate criminal responsibility—covering bribery, tax evasion, and fraud—should be embraced, not resisted

NLJ this week: A prince no more?

Professor Graham Zellick KC argues in NLJ this week that, despite Buckingham Palace’s statement stripping Andrew Mountbatten Windsor of his styles, titles and honours, he remains legally a duke

NLJ this week: Shareholder secrecy sunk

Writing in NLJ this week, Sophie Ashcroft and Miranda Joseph of Stevens & Bolton dissect the Privy Council’s landmark ruling in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd (No 2), which abolishes the long-standing 'shareholder rule'

Error message

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

MOVERS & SHAKERS

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Druces—Lisa Cardy

Charles Russell Speechlys—Robert Lundie Smith