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19 November 2020
Issue: 7911 / Categories: Legal News , Property , Tax
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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

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

MOVERS & SHAKERS

NLJ Career Profile: Hugo Plowman, Mishcon de Reya

NLJ Career Profile: Hugo Plowman, Mishcon de Reya

From global fraud cases to fishing off-grid, Mishcon de Reya’s chair of dispute resolution Hugo Plowman discusses mentors, management switching off

Maguire Family Law—Jennifer Hudec, Ciara Florey, Alice Ferguson & Ruth Wynn

Maguire Family Law—Jennifer Hudec, Ciara Florey, Alice Ferguson & Ruth Wynn

Maguire Family Law announces partner promotion and new hires amid a record year for enquiries

Switalskis—Rebecca Parry & Hannah Gamble

Switalskis—Rebecca Parry & Hannah Gamble

Switalskis wills and probate team extends reach with two appointments

NEWS
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Lawyers advising Russian clients face different sanctions restrictions across the UK, EU and US, despite their shared objective of increasing pressure on Russia
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