The recent update to the CQS Core Practice Management Standards (CPMS) requires CQS firms to have a policy in place in relation to Stamp Duty Land Tax (s5.15).
Policy documents can be time-consuming and difficult to prepare without a Policy Template as a starting point.
Lexsure’s COMPLETIONmonitor team have drafted a set of policy templates designed to make it simpler for conveyancing firms to meet their compliance obligations.
The Stamp Duty Land Tax Policy Template includes reference to:
SDLT Calculations
Pre-exchange Checking
Post-completion Checking
Auditing SDLT calculation and advice
...as well as other formalities and general obligations as required under 5.15 of the CPMS.
CONTENTS
Document Properties
Change Control
Associated Policies
1. SDLT calculations
2. Pre-exchange checking
3. Post-completion Checking
4. SDLT - Anti Avoidance
5. Situations to Look Out For
6. Post-Completion Stamp Duty Questions and Alerts
7. Anti-Avoidance
8. Deferred Consideration Question Set Matrix
Precompletion:
Postcompletion:
