This tax is often wrongly calculated, frequently resulting in overpaying tax. It is usually calculated by using the standard government guidance.
- Stamp Duty Land Tax is complex. It’s calculated on a ‘stepped’ system. A surcharge can apply in some cases. And there are a raft of different exceptions, reliefs and qualifying criteria.
- Incredibly, HMRC’s Stamp Duty calculator doesn’t include most of the exceptions, meaning the total can be wrong.
- As a result, solicitors who use this tool often inadvertently miss the opportunity to reduce the tax bill and too much Stamp Duty is paid.
- Our tax advisers can assess every aspect of your property to ensure you claim everything to which your property is entitled. It can often produce a substantial Stamp Duty refund.
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