Pay Less Stamp Duty

Miscalculations with Stamp Duty (SDLT) are rife due to the latent complexity of the legislation. The burden of responsibility remains with the buyer to ensure the correct tax return is submitted, although people often defer this task to conveyance solicitors.

There are over thirty specific exemptions and discounts which can mean you can pay less Stamp Duty than legally obliged. Rather than allowing unqualified solicitors to calculate your SDLT return, contact us so we can assign one of our specialist tax advisers to appraise your circumstances. We will ensure you pay the right amount or claim back any monies owed to you from HRMC due to overpayment.

How You Can Pay Less Stamp Duty

• SDLT is one on the most complex and most often adjusted pieces of tax legislation which without specialist knowledge and accurate calculation often leads to overpayment.

• Solicitors, lawyers, conveyancers and agents are NOT tax specialists, and will unfortunately often miss exemptions, exceptions and reliefs that could lead to lower SDLT payments being due and overpayments being made.

• HMRC do little to help purchasers correctly calculate their SDLT payment. They have an online SDLT calculator which has serious shortcomings and by their admission should NOT be used to ensure the correct calculation of SDLT and should be used as a “mere guide”. Relying on the HMRC calculator will inevitably often result in missed exemptions, exceptions or reliefs, all of which may lead to missing an opportunity to pay less SDLT.

• Getting specialist SDLT tax advice will ensure you pay the lowest amount of SDLT due by law, which will often be far lower than you may have believed or incorrectly told was due.