I just wanted to say a huge thank you to you for all your efforts, your professionalism and pro-activity over the last few days in making sure the conveyancing and tax planning was completed so quickly. It is also clear that you cannot do this on your own and a number of your colleagues have been instrumental in achieving this, and I would be very grateful if you would pass on my thanks to them as well.
Taxing Problems, Clever Solutions
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|
This scheme takes account of legislation changes made in the pre budget of December 2006 and in particular s75A Finance Act