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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.
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