Tag: Stamp Duty
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HMRC Tax Adviser Registration: What Conveyancers Need to Know for 2026
If your firm handles conveyancing, the definition of a “Tax Adviser” just got a lot broader. HMRC has confirmed that new mandatory registration rules will encompass almost all conveyancing professionals. With significant penalties for non-compliance, understanding these HMRC Agent Services Account (ASA) updates is critical for your firm’s survival. Is My Conveyancing Firm a “Tax…
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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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CoT Submissions for LBG (Scotland)
Following last week’s Budget announcements the temporary Stamp Duty waiver for properties will be extended to the End of June for properties in England/Wales and Northern Ireland. The existing waiver for Scotland will cease at the end of March. LBG still anticipate a large increase in queries and completion related activity for the March month…
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When is a first-time buyer (FTB) not a first-time buyer?
The Chancellor’s plan to eliminate stamp duty for first-time buyers under £250,000 could invigorate the housing market, but its effectiveness hinges on the definition of “First Time Borrower.” Restrictions may complicate eligibility, causing confusion and delays for buyers needing to confirm their status before benefiting from the relief.
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Council of Mortgage Lenders calls for abolition of Stamp Duty
The CML argues for fundamental reform of stamp duty, claiming it hinders labour mobility and creates transaction clustering below tax thresholds. They suggest a graduated structure as a preferable alternative to complete abolition. The CML expresses disappointment that the government has not pursued this necessary reform to the outdated tax system.