The complexities on when, and to whom, HRAD applies are completely solved within Compass. HRAD can be quite difficult to decipher, especially when clients aren’t just buying second homes or if they have previously sold a home but not immediately replaced it. Further complexities arise when looking at it’s interaction with other parts of SDLT such as the Non-Resident Surcharge, Mixed use, or any reliefs.

Worry no more! Compass guides you through the right questions, and accurately analyses the exposure to HRAD in each case.

Even lifetime UK residents can be caught by this if they’ve spent too much time outside of the UK in the year before completion. Further complicating it are exemptions for certain property types, company types, and additional complexities for Partnerships where one or more of the partners meets the overcomplicated tests.

Fortunately, Compass has all these complexities analysed and calculated!

Understanding the type of property can be challenging due to the intricate legal nuances. It's so complex that even experts have engaged in ongoing discussions with HMRC for years, seeking clarity.

We stay updated with the latest case law and guidance from HMRC to ensure your calculations are always accurate and up-to-date!

This is a highly miscalculated area, one which “Ambulance Chasers” are hot on the heels of. Any property that had the word “Annexe” listed against it online will receive a letter from these companies immediately after completion. Unfortunately, there are some hidden complexities with the definition of Annexe for tax purposes that means spurious claims are being raised fairly too often.

Using Compass, any annexe will be analysed for its legal viability for the relief and your clients will never overpay in the specialised area.

There are now 50 UK reliefs, each one with its own set of conditions and legal standards to meet. These get even further complex when their conditions require accurate analysis of the points above. Sometimes the relief can be completely invalidated based on these factors.

Compass accounts for all these complexities, their interactions, and their final application.

Leases are some of the most complicated parts of tax legislation. To even further complicate things, leases that involve a premium paid must account for all the above and analyse the exposure to tax accurately. The tax calculation for leases involves an incredibly complicated time discounted rate formula – and these are the simple kinds of Leases. When considering rent free periods, transitional events, substantial performance and more, the complexity rapidly skyrockets.

Compass has developed the most in-depth, accurate, and easy-to- use calculator ever devised. With 62 lease types and sub-types we are able to calculate more, faster, than any other product on the market. For firms that would have avoided complex leasehold matters, you can now use compass as a value-add and capture paid work you would otherwise have had to avoid.