UK Conveyancing has a problem, and Stamp Duty Land Tax is at the heart of it.
As a result, as many as one in five purchasers in the UK are likely to be paying the wrong amount of Stamp Duty.
Too little and clients may be looking at significant extra borrowing, fines, possibly even the breakdown of a purchase.
Too much, and they may lose thousands of pounds at a time when few can afford it.
Many firms are already feeling the bite of this issue in terms of claims and complaints from clients.
That’s where Compass comes in.
Designed in conjunction with tax advisors, conveyancing solicitors and technical experts, Compass is a bespoke, accurate calculator for the SDLT due on any kind of property transaction. It’s also tuned for Scotland (LBTT) and Wales (LTT).
It’s backed up by a panel of individual tax experts ready to offer detailed advice to your clients where required.
It features a portal for provision of answers to questions direct from your clients and a submission tool to seamlessly capture data and pull through to the direct HMRC submission screen.
Using Compass:
Call us today, and find out how Compass can guide your way.
Milestone House,
18 Nursery Court,
Kibworth Business Park,
Kibworth,
Leicestershire,
LE8 0EX
Name: Neil Wood
Email: nwood@compass.tech
In the last few years the number of UK Conveyancing firms has dropped significantly – where are they, and what does this mean for the market as a whole? The IRN ‘UK Residential Conveyancing Market
Think about the term ‘Client Care’. It’s the shorthand we use to describe that initial letter you send to your client. It lays out what you’ll do, how much it will cost, and how long
Our new quoting service designed to allow clients to check their potential Stamp Duty Liability quickly and easily has already been a great success for us and our clients. In June 2024, we were able
Law firms and mortgage advisers are increasingly referring clients to ‘specialist advisers’ for advice on their Stamp Duty, but this isn’t without its own problems… “…solicitors deal with SDLT day in, day out, so they
On Friday the country awoke to the first change of governing party in nearly a decade and a half. The merits or otherwise of this political sea change are being endlessly debated on TV, radio
Calls to modernise the UK’s ‘siloed and fragmented’ property-buying process highlight how the industry has been left behind. Last month, giving evidence to the Commons Select Committee, the chair of the Open Property Data Association
If your firm isn’t getting Stamp Duty right, the consequences could be devastating, for you and your clients Stamp Duty might not be top of your conveyancing worry list at the moment, with an ongoing
New Subscriptions offer even better service and significant savings on your PII bill We’re happy to announce that after several years of building and developing the Compass Standard, we’re ready to implement the next stage
Our new Subscriptions Offer even better service and substantial savings on your PII Bill A recurring theme we’ve encountered at Compass since our inception is the challenge of fully communicating the advantages of our services
Recent research by the tmgroup suggests that the wellbeing of professionals across the property industry has taken a significant downturn, amidst the challenges of the ongoing cost-of-living crisis and the economic downturn facing the country.
Recent research by Gradual Homeownership provider Wayhome suggests that the digital revolution has taken hold in the homebuyers market, with 25% of 18-35 year old first time buyers saying they had taken to social media
Latest research suggests that clients will pay more to get the service they want Data released by iamproperty indicates a surprising fact about homebuyers, given the current status of the market, interest rates and the
Upward shift in demand means firms are now queuing to get access to our services. Early adoption is often seen as a risk – in an increasingly digital world, it’s common knowledge that the first
Today’s Conveyancer reports on new data from Search Acumen’s latest Conveyancing Market Tracker, which indicates (as if you had to be told) that pressure is mounting on firms across the conveyancing sector. The bald figure
A recent survey by Today’s Conveyancer suggested that the majority of solicitors feel that Conveyancing is becoming far too complex. The survey, of 192 conveyancers, saw 134 replying yes to the question “Are you concerned
The website Legal Futures reports on a disturbing case involving a fee earner and Stamp Duty “errors” which were entirely intentional on her part. Sarah Tyler, of firm Hek Jones, operated a fairly elaborate scheme
Today’s Conveyancer recently reported that four firms have now been named as having received fines from the SRA under its new wider powers, in place since July 2022. The SRA, having announced the intention to
It has been reported that the Land Registry is urging firms to “conduct better quality control” on documents filed by them to avoid “basic errors” which are – according to them – holding up the
Tax for me is about people. A tax return is a human story, telling me what the people involved have done, where they’ve been, what they’re doing now and where they might be headed. Every
Do not use this calculator for residential properties bought on or after 23rd September, 2022. Go to the HMRC SDLT Calculator at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro and that’s the message which greets you. Beneath it, a paragraph explains
If you receive an email purporting to come from Today’s Conveyancer or a Firm member, or if you are directed to a website which purports to be Today’s Conveyancer’s website, and you have doubts or concerns about the provenance of the email or website, before taking any action please either contact the Firm member you normally deal with or email David Opie on david.opie@todaysmedia.co.uk and they will tell you whether the email came from us or whether it is our website.
