Stamp Duty Calculator

Homebuyers, investors and developers who purchase property and land seldom have an intimate understanding of the intricacies governing Stamp Duty legislation. They expect the solicitors they hire to complete the returns on their behalf. In turn, solicitors tend to defer to the Stamp Duty calculator provided on the HRMC website, but which is unfortunately not advanced enough to discern between purely residential properties and those that are mixed-use.

If you want to ensure that you pay only the legally obligated amount of SDLT to HRMC, dispense with the Stamp Duty calculator and let our expert tax advisers evaluate your circumstances and review your return.

Problems With The Stamp Duty Calculator

• SDLT is a self-assessment tax, and it is the purchasers’ legal obligation to ensure that SDLT is correctly calculated and that the right amount is paid on time.

• Solicitors, conveyancers, lawyers and agents are NOT tax specialists and due to the very complex nature of SDLT with its ever-changing legislation, exemptions, exceptions and reliefs they often incorrectly calculate SDLT due.

• HMRC are of little help; they will not provide specific SDLT advice. The HMRC online SDLT calculator has many shortcomings making it extremely difficult to ensure that SDLT is correctly calculated. HMRC has recently publicly admitted their SDLT calculator is there to serve as a “mere guide” and cannot be relied upon to ensure correct SDLT calculation.

• SDLT tax specialists fully understand ALL the latest legislation, exemptions, exceptions and reliefs to calculate the correct amount of SDLT is paid.