“Properties can be transferred into private pension arrangements but Cornerstone has identified an industry-wide error with this which means that, according to their analysis, more than 120,000 people may be owed compensation of up to £80,000.” […]
“Homebuyers may be owed up to £2 billion in tax because the government’s online calculator is getting its sums wrong. The tool, provided by HMRC, fails to to factor in stamp duty discounts worth thousands of pounds.” […]
“Solicitors complained they frequently used the calculator because the taxman was treating them like accountants, relying on expertise they did not have. They write to HMRC for guidance but we’re finding a long turnaround time, often 28 days.” […]
“The software on the HMRC website reportedly does not take account of factors such as farmland or a ‘granny annexe’ which can lead to discounts in stamp duty. The problem has arisen because the calculator does not distinguish between homes and mixed-used properties.” […]