Solicitor witholding Stamp Duty (and not bothering to tell me)

davidmcn

Have they submitted the SDLT return?

Thrugelmir

rachel230 wrote: »

This money should be ring fenced for the purpose of the tax liability.

Solicitor will hold the funds in a client account. If there's insufficient funds then the liability cannot be paid. Assume that currently there's a £300 shortfall.

davidmcn

Note also that the solicitors are in breach of their undertaking to the lender - one of the CML Handbook requirements is:

15.1 Your charges and disbursements are payable by the borrower and should be collected from the borrower on or before completion. You must not allow non-payment of fees or disbursements to delay the payment of stamp duty land tax, the lodging of any stamp duty land tax return and registration of documents