Residential

Set a new
standard in Conveyancing.

We know that traditional methods in property tax need an update. Become pioneers of the new age of property tax.

We help you to become champions of SDLT tax.

SDLT, LTT and LBTT for residential properties can be a daunting task for many. The ever-evolving nature of regulations, combined with the layers of complexity surrounding property types, ownership structures, and reliefs, often leave professionals alike uncertain. Our platform is dedicated to demystifying property tax for residential properties, offering accurate calculations, clear insights, and expert guidance to ensure you always have a precise understanding of your tax obligations. Welcome to your trusted platform for all things property tax for residential properties!

The Residential Tax Rates

Basic rates payable
0%
The Zero Rate - up to £250,000 (or if a relief or exemption applies)
1%
The minimum rate where Multiple Dwelling Relief is claimed
5%
The next £675,000 up to £975,000 for wholly residential property
10%
The next £575,000 up to £1.5M for wholly residential property
12%
The remaining amount over £1.5M for wholly residential property
Plus possible Additional Rates on top
2%
An extra 2% rate is added where the buyer is nonresident in the UK
3%
The Zero Rate - up to £250,000 (or if a relief or exemption applies)
15%
The penalty rate applied to all the consideration where a single dwelling is bought by a Company (but there are reliefs available)
17%
The highest rate of SDLT - where a non-resident company buys a single dwelling (but there are reliefs available)

Hear from a fellow
conveyancer

Farnworth rose

Farnworth rose run a conveyancey firm in Lancashire. Farnworth Rose have been a Compass partner for over 2 years. See what Farnworth Rose have to say about using compass.

The Compass
Analysis Process

Why can’t you rely on the HMRC
online calculator for this?
The HMRC online calculator is just a basic calculator. It relies on you to making key decisions on what type of property it is, what the consideration is, what reliefs to apply to the calculation and so on. Even HMRC admit it is only a guide to estimate the tax. Also, the HMRC calculator will not alert you when you are paying too much SDLT, or suggest any available reliefs. In contrast, Compass does all this for you, and in fact will compare two or even three different valid ways of assessing a transaction, to give the most tax-efficient result.
01
The Compass Analysis screens
The Compass Analysis screens
Your conveyancer completes a questionnaire about The Transaction, the Consideration, The Property and The Land. They may need to ask you detailed questions on these points.
02
The Calculation and Analysis
The Calculation and Analysis
By comparing all the answers and tax tables, Compass analyses the best way to selfassess the Tax.
03
The Result
The Result
In most cases Compass will assess the tax and issue an Audit Trail, covered by our indemnity. In some cases it may assess the factors as needing a personal assessment by our tax advisers.

Hear from a fellow
conveyancer

Farnworth rose

Farnworth rose run a conveyancey firm in Lancashire. Farnworth Rose have been a Compass partner for over 2 years. See what Farnworth Rose have to say about using compass.

Did you Know?

  • £2-3bn in overpaid stamp duty per annum (actively being targeted by Stamp duty refund companies)
  • All law firms are at risk
  • Client Care letters don’t protect firms from litigation claims
  • Law firms are accountable for all mistakes made whether its in-house or by accountants/advisors

Hear from a fellow
conveyancer

Farnworth rose

Farnworth rose run a conveyancey firm in Lancashire. Farnworth Rose have been a Compass partner for over 2 years. See what Farnworth Rose have to say about using compass.

Hear from a fellow conveyancer

Farnworth rose run a conveyancey firm in Lancashire. Farnworth Rose have been a Compass partner for over 2 years. See what Farnworth Rose have to say about using compass.

Watch video
a woman wearing glasses sitting at a desk

CQS
compliance

Compass is CQS compliant to make sure you are performing at the right standard.

Every finalised matter produces a detailed audit trail for all low-risk matters with a breakdown of calculations.

Hear from a fellow
conveyancer

Farnworth rose

Farnworth rose run a conveyancey firm in Lancashire. Farnworth Rose have been a Compass partner for over 2 years. See what Farnworth Rose have to say about using compass.

In Summary

How can compass help?

Accurate
Calculations
Compass can deliver on 100% accurate calculations for SDLT, LTT and LBTT.
Calculations
Indemnified
No chance of a claim against acting law firm.
CQS Compliant
A full PDF audit trail is provided for your record.
PII Advantages
Compass has supported firms to reduce their PI renewals down by 30%.
No Wasted Time
No need to spend hours looking for information. We educate on everything through our platform.
No loss of
reputation
Compass promises to boost your reputation through excellent customer delivery.

Time to calculate property tax smarter, not harder.

Get in touch