It is clear that the new stamp duty regime is still causing difficulty for solicitors as indicated in the attached article. Further we as solicitors in this area are encountering numerous enquiries from clients who are either acting in their capacity as company directors purchasing properties as buy-to-let investments, individuals purchasing additional properties or trustees in trusts purchasing a residence.It is evident that the legislation is complex and the process of gleaning from the Revenue website what is the current situation for these clients is not clear and difficult to extract.There needs to be a complete overhaul of the information provided by Revenue and customs in order to make the calculation of the higher rate of tax easy to comprehend and to make the daily routine of practitioners smoother in order for everyone to be confident the answer and advice given is actually correct.
