Taxing Problems, Clever Solutions

Stamp Duty

Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of property or land in the UK where the amount paid is above a certain threshold.

Our SDLT mitigation scheme eliminates the SDLT payable when purchasing either commercial or residential property. The entry level for the scheme is £250,000. SDLT mitigation is deemed to be low risk and non-aggressive, below £1,000,000 SDLT mitigation planning is not notifiable to HMRC.

Our SDLT mitigation is carried out in-house, based on our original counsel.

A worked example for illustration only, contact us for a detailed quote

Residential property, purchase price £750,000
SDLT payable at 4%: £30,000
Fee for SDLT mitigation is 40%: £12,000 (of the SDLT payable)
VAT (at 20%): £2,400
Overall saving: £15,600

This scheme takes account of legislation changes made in the pre budget of December 2006 and in particular s75A Finance Act