Tag: SDLT
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Preparing a Stamp Duty Land Tax policy
In light of the recent changes to the CQS Core Practice Management Standards (CPMS), it is imperative for CQS-affiliated firms to establish a comprehensive policy pertaining to Stamp Duty Land Tax, as stipulated in section 5.15. This adjustment underscores the importance of compliance with regulatory requirements. CQS compliance consultants strongly advise firms to review and…
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Will stamp duty changes create problems for conveyancing lawyers?
In the 2015 Autumn Statement, George Osborne announced higher rates of stamp duty on the purchase of additional properties, such as buy-to-lets and second homes. The government is currently consulting on the practicalities of how the 3% stamp duty hike will work and is seeking responses from conveyancers. The deadline for the consultation is 1st…
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Why the Lloyds Conveyancing Panel Needs to Worry About Stamp Duty Land Tax Incentives
The Lloyds Banking Group – via Halifax- are offering (on qualifying mortgage applications made between 4 March and 6 May 2014 inclusive) an incentive relative to first time buyers. The offer repeats one that ran for part of last year. The Halifax said that last year, this offer helped 14,000 borrowers. According to Lloyds they…