HMRC Penalties
It is important to pay the correct amount of SDLT at the right time to avoid any penalties. Getting it wrong or deliberately underpaying SDLT can lead to hefty penalties. When could a penalty be charged? There are two main types of penalties for SDLT: What are the late filing and/or payment penalties? The SDLT […]
That’s Interesting…
Most Taxpayers and conveyancers will be aware of the fact that HMRC can charge penalties for an incorrect SDLT return or amendment resulting in a loss of tax, but what is often overlooked is that HMRC will also charge interest on any sums of underpaid tax from the date the tax was due until the […]
Uninhabitable or in need of repair?
An area rife with misleading advice and false claims is that of uninhabitable properties and it is an area that HMRC are intent on cracking down on. HMRC’s own guidance states that: “A very high proportion of the SDLT repayment claims that HMRC receives in relation to this area are wrong. Customers should be cautious […]
Mixed Use – Why is it important?
A mixed use property will be taxed at the non-residential rate of SDLT which can result in huge savings and if the purchaser is a higher rate taxpayer those savings could be in the hundreds of thousands! What is a mixed use property? A mixed use property is a property which consists of both residential […]
What is a First Tier Tax Tribunal?
A tax tribunal functions like a court, it hears both sides of an argument before making a ruling. Tax tribunals are independent entities and are not controlled by HMRC. How do I start an appeal at the First-Tier Tax Tribunal? You must submit the appeal using an online form. You will also need a scan […]
Another Tribunal Win for Relatus
Nicole Behenna-Renton v HMRC TC/2024/01660 Date of Decision: 3 April 2025 This was a comprehensive win in an appeal about whether Multiple Dwelling Relief (MDR) applied to the Taxpayer’s purchase of a residential property which had an annex separated from the main dwelling by an internal door. The FTT considered the evidence provided by the […]
SDLT Compliance Check Assistance
SDLT claims firms leave Taxpayers in the lurch With the abolition of Multiple Dwelling Relief on 1 June 2024 came the departure of a number of SDLT claims firms who had previously been a driving force behind amendments to SDLT returns claiming the relief. HMRC not slowing down Despite the abolition of the relief […]
