I Owe HMRC £22k Stamp Duty
Discussion
V8RX7 said:
51mon said:
or greedy solicitors wanting to earn interest off our cash
^^^ This Holding all the SD payments for a few weeks pays for the Xmas coke and hookers
Disbursements such as SDLT have to be held in a solicitors client account and they will need to account to the client for any interest earned (which will be very little).
Spoke to HMRC this morning, as they were answering the phone before the solicitors! Guy said based on their records the SD had still not been paid.
Have since spoken to solicitors and long story short, they paid the money into what HMRC term a "dormant" account which they don't monitor.
Makes you wonder how much money HMRC have sat in other "dormant" accounts which they don't know about.
Have since spoken to solicitors and long story short, they paid the money into what HMRC term a "dormant" account which they don't monitor.
Makes you wonder how much money HMRC have sat in other "dormant" accounts which they don't know about.
tleefox said:
Spoke to HMRC this morning, as they were answering the phone before the solicitors! Guy said based on their records the SD had still not been paid.
Have since spoken to solicitors and long story short, they paid the money into what HMRC term a "dormant" account which they don't monitor.
Makes you wonder how much money HMRC have sat in other "dormant" accounts which they don't know about.
The general experience with solicitors seems to be pretty poor. When I purchased the freehold for my building and extended the lease, the documents they sent back were riddled with errors - 900 years missing off the lease was a particularly good one, as was the wrong postcode. I wondered what the fHave since spoken to solicitors and long story short, they paid the money into what HMRC term a "dormant" account which they don't monitor.
Makes you wonder how much money HMRC have sat in other "dormant" accounts which they don't know about.
k I was paying for, I did most of the sodding work correcting their mistakes!Funk said:
tleefox said:
Spoke to HMRC this morning, as they were answering the phone before the solicitors! Guy said based on their records the SD had still not been paid.
Have since spoken to solicitors and long story short, they paid the money into what HMRC term a "dormant" account which they don't monitor.
Makes you wonder how much money HMRC have sat in other "dormant" accounts which they don't know about.
The general experience with solicitors seems to be pretty poor. When I purchased the freehold for my building and extended the lease, the documents they sent back were riddled with errors - 900 years missing off the lease was a particularly good one, as was the wrong postcode. I wondered what the fHave since spoken to solicitors and long story short, they paid the money into what HMRC term a "dormant" account which they don't monitor.
Makes you wonder how much money HMRC have sat in other "dormant" accounts which they don't know about.
k I was paying for, I did most of the sodding work correcting their mistakes!tleefox said:
Have since spoken to solicitors and long story short, they paid the money into what HMRC term a "dormant" account which they don't monitor.
Crikey, that sounds like a rubbish excuse. The 'How to pay' guidance is perfectly clear, there's only one bank account set out for receipts, and it hasn't changed in years (certainly as long as I've been making electronic SDLT payments, which is about 10 years - the accounts department forced me to send cheques before that): https://www.gov.uk/guidance/pay-stamp-duty-land-ta...Davey S2 said:
Wrong.
Disbursements such as SDLT have to be held in a solicitors client account and they will need to account to the client for any interest earned (which will be very little).
I've bought and sold many properties - never had any interest credited to me.Disbursements such as SDLT have to be held in a solicitors client account and they will need to account to the client for any interest earned (which will be very little).
I'm aware it's not huge sums but if you're buying homes 20 a day, it mounts up.
V8RX7 said:
Davey S2 said:
Wrong.
Disbursements such as SDLT have to be held in a solicitors client account and they will need to account to the client for any interest earned (which will be very little).
I've bought and sold many properties - never had any interest credited to me.Disbursements such as SDLT have to be held in a solicitors client account and they will need to account to the client for any interest earned (which will be very little).
I'm aware it's not huge sums but if you're buying homes 20 a day, it mounts up.
98elise said:
55palfers said:
You do realise that is more than the amount of corporation tax Cadbury paid on its profits last year, and the year before and before and before, etc..
http://www.dailymail.co.uk/news/article-5071835/Ca...
https://www.theguardian.com/business/2015/dec/06/c...
How much should they have paid on their profits?http://www.dailymail.co.uk/news/article-5071835/Ca...
https://www.theguardian.com/business/2015/dec/06/c...
Edited by 55palfers on Wednesday 15th November 19:49
I spoke to my solicitors and the HMRC, and it appears as though the solicitors paid the charge the day after completion (19th Sept), but HMRC have no trace of it going into their accounts!
Solicitors advise that the correct transaction number was quoted on the payment, and that it hasn't been bounced back to them.
HMRC advised that they have been in contact with the solicitors and have requested a fax showing details of the transaction. Once received, this will need to 'processed into the system', which can take up to 10 days. Surely an email would be quicker....!
I guess we just need to wait for the payment details to be traced further. I'll also be asking for a copy of the fax showing the payment details from the 19th Sept.
Solicitors advise that the correct transaction number was quoted on the payment, and that it hasn't been bounced back to them.
HMRC advised that they have been in contact with the solicitors and have requested a fax showing details of the transaction. Once received, this will need to 'processed into the system', which can take up to 10 days. Surely an email would be quicker....!
I guess we just need to wait for the payment details to be traced further. I'll also be asking for a copy of the fax showing the payment details from the 19th Sept.
Dicky Knee said:
V8RX7 said:
51mon said:
or greedy solicitors wanting to earn interest off our cash
^^^ This Holding all the SD payments for a few weeks pays for the Xmas coke and hookers
We run a client account and have the interest rate at 0.01% so I make that £2.15 over a year of interest - or £0.04p a week.
We also get charged many hundreds of pounds a year to run it. joy and more joy.
Johnniem said:
The Moose said:
Solicitors, architects, estate agents....it's so hard to find professionals who can actually get stuff right!
Oi! 
And you live in the USA. Are you a 'septic' or just a displaced Brit (having moved because he was fed up with Solicitors, Architect and estate agents?!).
I certainly do live on the other side of the pond now yes.
But I have property in the UK (and lived in the UK for most of my life).
If it helps, they're just as s
t this side of the pond too!Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff