Stamp duty mix up

Yorkshire Post - Property - - PROPERTY -

SOME buy­ers who pur­chased homes in re­cent years are be­ing pur­sued for ex­tra pay­ment af­ter their Stamp Duty was ap­par­ently based on pur­chase prices that were mis-stated to the tax­man by their con­veyancers.

The ir­reg­u­lar­i­ties re­late to a num­ber of solic­i­tors and con­veyanc­ing firms, and some cases con­cern house pur­chases made over three years ago.

HMRC has con­tacted the house­holds con­cerned.They paid the cor­rect amount at he time of their pur­chase, and trusted their con­veyancer to pass the sum over to HMRC. They have been told to pay the amount miss­ing plus in­ter­est.

It ap­pears their con­veyancers failed to re­mit the cor­rect amount of Stamp Duty.

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