- Wednesday, 22 November 2017
The headline point in today’s budget was the announcement that stamp duty will be abolished from today for first-time buyers purchasing properties costing up to £300,000. First time buyers purchasing a house worth up to £500,000 will not have to pay stamp duty on the first £300,000, which HM Treasury estimates will take 80% of first-time buyers out of stamp duty altogether.
Tags: Hoowla, SDLT
Posted in associate news
- Monday, 14 August 2017
A solicitor has been struck off after he bought his home and his firm’s office for £1.3m but dishonestly declared he had paid only £265,000 altogether, in order to avoid paying over £50,000 in stamp duty land tax. He also attempted to dissuade the HMRC from making fines it issued to him public so as not to alert the SRA.
Tags: SDLT, Solicitors Disciplinary Tribunal
Posted in Latest news, Solicitors
- Friday, 20 May 2016
The Solicitors Regulation Authority has fined two more law firms for advising on conveyancing transactions in which clients were party to schemes to avoid the payment of almost £8m in stamp duty land tax – for which the firms received £160,000 between them on top of their regular fees.
Tags: SDLT, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors