New HMRC guidance underlines need for specialist tax support, says trade body
Original Article Summary
The trade body said firms are facing increasing difficulties when assessing SDLT liabilities, reliefs and exemptions
Investor Analysis
New HMRC guidance requires conveyancers to register as tax advisers to submit SDLT returns, but the Conveyancing Association warns this registration does not qualify them to provide specialist SDLT advice — a growing risk as SDLT complexity increases across 30+ reliefs and exemptions. Investors with complex ownership structures or transaction types may need independent specialist tax advice.
Investor Relevance
Property investors — particularly those using limited companies, trusts, purchasing mixed-use assets, or structuring HMOs — face real exposure if their conveyancer submits an incorrect SDLT return without flagging the need for specialist advice. This article signals a systemic risk in the transaction process that investors should proactively manage at acquisition stage.
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