Overview
In time-sensitive transactions, rapid SDLT guidance is essential to avoid lost opportunities or errors.
Compass recently assisted a solicitor whose client was replacing a main residence and temporarily occupying a buy-to-let property, with a tight deadline for a new property reservation.
The Challenge
Key considerations included:
- Determining eligibility for HRAD relief following sale of the main residence
- Confirming SDLT liability while under pressure to meet a property reservation deadline
A misstep could have led to overpayment, HMRC enquiry, or reputational damage.
Our Approach
Compass fast-tracked the case, gathering transaction details quickly, running precise calculations, and providing a full technical review. We acted as a collaborative extension of the solicitor’s team, ensuring expert guidance under a compressed timeframe.
The Outcome
The solicitor received clear confirmation of the SDLT position before the weekend, allowing the client to proceed confidently with the purchase.
Key Results
- Accurate SDLT calculation under tight deadlines
- Mitigated risk of HMRC challenge or PI exposure
- Maintained fee earner efficiency during a time-critical transaction
- Preserved client trust with expert, defensible guidance
Conclusion
Time-sensitive HRAD cases require speed and precision. Compass delivers fast, accurate SDLT guidance, allowing solicitors to protect clients, compliance, and reputation without delay.