Melksham-based financial experts Old Mill has created a specialist in-house team covering the complexities surrounding Stamp Duty Land Tax.
Previously, this function was outsourced to a third-party, but Old Mill’s Tax Team will now handle all queries.
Headed up by senior tax manager Laura Wylie and supported by tax specialists Mark Trevethan and Zoe Chandler, the SDLT team will be able to advise clients on available reliefs and calculate SDLT liabilities.
The decision to set up a specialist SDLT team comes in response to the increased number of queries around mixed-use acquisitions, Multiple Dwellings Relief - where the total SDLT payable can be significantly lower - and partnerships, which can be a really complex area of legislation.
Commenting on the new service, Laura said: “SDLT is an area of tax that I have found particularly interesting for some time now as it is so far-reaching so it made sense to bring this in-house so that we can advise clients on available reliefs and calculate SDLT liabilities.
“We will look to work closely with solicitors, who will ultimately prepare the SDLT return.
“We are seeing several of these queries coming up each month, so I am really pleased that we are now able to retain that business in-house, as it ties in nicely with our existing offering.”