CHANGES TO STAMP DUTY LAND TAX CALCULATIONS IMPLEMENTED WITHIN 24 HOURS

On 4 December the Chancellor announced changes to how Stamp Duty Land Tax (SDLT) is to be calculated for residential property purchases. It has changed from a flat rate to a graduated rate, not dissimilar to the way income tax is calculated. LAWFUSION’s conveyancing software module calculates SDLT automatically based on purchase price. Select Legal Systems is proud to announce its legal software team turned these changes around for LAWFUSION users within 24 hours of receiving notification. For more information about this functionality and LAWFUSION in general please call 01482 567601.