Press

23rd June 2021

Today's Conveyancer -

PI insurer Howdens have reported insurers seeing a significant increase in claims arising from a failure to apply for Multiple Dwellings Relief (MDR) from SDLT resulting in massive overpayments of SDLT to the treasury.

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18th June 2021

Howden Group -

Howden recently convened a roundtable to discuss the complexity of Stamp Duty Land Tax (SDLT)[1] and the pros and cons of software that has recently been launched by SDLT Compass to address this issue.

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3rd June 2021

Today's Conveyancer -

Last month, an industry reforming technology was launched for the legal profession, protecting property lawyers and conveyancers against an ongoing professional indemnity crisis surrounding SDLT. Evolving at speed across the nation, residential conveyancing remains the area of practice where most insurance notifications are received, with residential and commercial cases combining to represent a near 51% of all incoming matters. Market commentary indicates that across the industry, many law firms are facing an increase of 20%-30% on annual PI premiums, driving down the incentive to generate new business and posing a viable threat to the future of many firms....

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5th May 2021

The Negotiator -

An industry-first Stamp Duty calculator that indemnifies conveyancers and in-house agency solicitors against giving inaccurate SDLT figures to property buyers has launched. Called the SDLT Compass its creators say it is designed to protect firms from costly errors which can be investigated by HMRC up to four years down the line...

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Property Industry Eye -

Each year, an estimated £2bn of Stamp Duty Land Tax (SDLT) is overpaid to HMRC due to the complicated and often confusing nature of the tax, according to SDLT advisors Compass. In the last year, the company claims to have recovered over £14m on behalf of their clients, the majority of which are individuals incorrectly paying thousands of pounds of unnecessary tax...

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4th May 2021

Inside Conveyancing -

Today (4 May 2021), an industry reforming technology is being launched for the legal profession, protecting property lawyers and conveyancers against an ongoing professional indemnity crisis surrounding SDLT.

Evolving at speed across the nation, residential conveyancing remains the area of practice where most insurance notifications are received, with residential and commercial cases combining to represent a near 51% of all incoming matters. Market commentary indicates that...

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