SDLT Compass asks all the relevant questions before analysing deals to identify where reliefs or special rules may apply.
For standard transactions, Compass’s sophisticated algorithms provide an insured and indemnified Stamp Duty calculation of Stamp Duty Liability. For the more complex transactions, Compass ensures all the relevant information has been collected before referring the matter to our panel of experts, along with an overview of the potential issues identified to ensure that appropriate reliefs have not been missed and that the necessary conditions (including post completion conditions) have been complied with.
Compass is a one-stop application for all your SDLT needs, helping you to ensure that SDLT is calculated correctly for each of your clients first time, every time, and giving you the audit trail you need to prove it. Produce accurate SDLT numbers for your clients regardless of their circumstances or the type of property being purchased, avoiding the costs of:
Compass allows your firm to avoid costly SDLT errors. It is a simple web-based interface and it is designed to produce a detailed audit trail to the specifications mandated in the latest CQS and Law Society tax guidance! Backed by 15+ years of experience, Compass analyses all 49 SDLT reliefs via 4 simple screens and provides 1 simple solution.
Key Services
Address
Milestone House,
18 Nursery Court,
Kibworth Business Park,
Kibworth,
Leicestershire,
LE8 0EX
Key Contact
Name: Chris Ward
Tel: 0333 305 0956
Email: [email protected]
LinkedIn Account: Chris Ward
Edward Donne, Howden’s Group, discusses Professional Indemnity Insurance and the risks associated with PII. Chris Ward, SDLT Compass, provides insight into PII and how Compass can eradicate the PII risks and benefit your firm. When? Tuesday, 14th June 2022, 2:00PM To join, click HERE or email [email protected] to be added to the Webinar […]Read More
Almost every single person looking to work out how much Stamp Duty Land Tax (SDLT) applies to a purchase has turned to the online SDLT calculator since the tax was introduced nearly two decades ago. Consequently, this SDLT calculator has served as the benchmark for buyers, estate agents, mortgage brokers, and solicitors. But how accurate […]Read More
With Stamp Duty Land Tax (SDLT) the subject of yet another current consultation, the whys and wherefores of this most complex of UK taxes stand to be altered once again. With up to one in ten buyers already paying the wrong amount of Stamp Duty, it can’t help but feel that the dice are being […]Read More
Stamp Duty is one of most used but least familiar taxes that Conveyancers face. These are some common questions which legal advisers ask themselves on a frequent basis: When should it, and shouldn’t it, be claimed? How is it calculated and how do I ensure I get it right? How do I protect my practice […]Read More
SDLT Compass are holding a webinar on 9th May at 2pm. The session will include training and a Q&A on Compass. The benefits on attending the sessions are: Learn more on how to use Compass as a one stop application for all your SDLT/LBTT/LTT needs. Be first to see our upcoming developments and how we […]Read More
If you’ve ever bought and/or sold property in England, or indeed been paying attention to the news for the past year, you’ve likely heard the term “Stamp Duty”. SDLT stands for Stamp Duty Land Tax, which is referring to the exact same thing, only correctly. Confused? You aren’t alone. In fairness, the various terms people use […]Read More
It’s quite likely that, up until the last few years, Stamp Duty Land Tax (SDLT) has not been a pressing subject in the minds of many UK Property Lawyers. Payable on all transactions above £125,000 at the moment, it’s hardly the most complex looking or exciting part of a property transaction, after all. You calculate […]Read More
When it comes to Stamp Duty, for a long time there has only been one way to calculate what’s owed. HMRC’s online Stamp Duty Calculator has long been the sole port of call for solicitors, estate agents, mortgage brokers and buyers looking to work out HMRC’s due on the purchase of a new property. But […]Read More
Part 1 outlined the basics of MDR for standard purchases involving several dwellings and for mixed purchases of dwellings and non-residential property. This part concerns the more contentions area of Granny Annexes and Subsidiary Dwellings. Part 3 covers MDR and building projects and also the main exclusions and post completion events which trigger clawback. The […]Read More
One of the hot topics around SDLT these days is MDR which I intend to deal with in 3 articles. This week Part 1 outlines the main issues. Next week Part 2 covers what is a dwelling for MDR and how it applies to annexes. Part 3 covers MDR and building projects and also the […]Read More
Amid a recent drastic increase in property transactions and in light of increased claims in this area, we asked SDLT Compass, expert advisers on the subject, to highlight the key risks of SDLT and how best conveyancers can handle these. As one of the areas of work with the most PI claims, conveyancers face many risks, […]Read More
The end of the SDLT holiday was a relief for Julie, a hardworking conveyancer in a market town, relentless pressure from thankless clients, working weekends and evenings for months. Then of course, the SDLT returns and Land Registrations had to be dealt with- it didn’t end with the end of the holiday. Six months later, […]Read More
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