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What Is SDLT Compass?
SDLT Compass is a system developed by a team of Stamp Duty Land Tax expert tax advisers to solve a complex and much misunderstood problem which has bedevilled conveyancers since 2003.
Conveyancers need a fast, effective, accurate method for assessing the SDLT/LTT/LBTT due on any property transaction.
Compass delivers this for conveyancers and produces a detailed audit trail to fulfil their CQS and compliance obligations, with the option of referring their clients to a specialist adviser where required.
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HMRC’s own ‘SDLT Calculator’ lacks many of the nuances necessary to deal with a whole variety of UK property
transactions, from mixed-use purchases to acquisitions of land for development. It states that it is just a guide
and cannot be relied on. Also, HMRC’s ‘helpline’ is often slow to respond, and manned by staff who are not
experts in tax law or SDLT. Neither offers advice or stands behind any comments made, leaving the risk with
conveyancers. In contrast Compass stands behind its expert assessments of the tax due. Designed by experts,
constantly updated to take account of every change to SDLT legislation and underwritten by a team which has
over a century’s worth of tax advice experience between them.
An uncomplicated layout belying an advanced algorithm coded to reflect the very latest SDLT position in UK law. Compass gives you the answers you need without the hassle of considering dozens of irrelevant details.
Designed to produce a detailed audit trail to the specifications mandated in the latest CQS and Law Society tax guidance, Compass fulfils your obligations without having to spend additional time and money on each transaction.
Each year, millions of pounds of overpaid SDLT is reclaimed from HMRC. Thousands of claims sprang up against firms for missed Multiple Dwellings Relief claims in the previous twelve months alone. Compass will ensure that you need never worry about these types of issues again.