Visit http://www.AvoidStampDuty.org.uk to learn more about Stamp Duty Mitigation.
- What is Stamp Duty Mitigation?
Stamp Duty Mitigation is a specialist tax planning process that
can help to reduce the stamp duty on purchases of UK land or property over 250,000k.
- If Stamp Duty mitigation is a perfectly legal process why is it not more widely available?
The process is typically beyond the knowledge of regular conveyancers so often it won't be presented as an option. Because of this, many people buying land or property in the UK have not heard of it.
- I've heard that Stamp Duty Mitigation is only available to people purchasing a property through an offshore company. Is that true?
No, that's not true. Several techniques can be used to reduce the tax liability.
Many of them are straightforward and have no impact on the purchasing process and conveyancing timescales. The purchase is registered as a normal purchase with the land registry with a full disclosure of the planning process to HMRC. It is also worth mentioning that the process is fully compliant with the
council of mortgage lenders guidelines
- Is Stamp Duty Mitigation something I should consider for my property?
Absolutely, unless you want to pay more taxes than you have too.
The savings vary depending on the property, but on a £1,000,000 property for example, Stamp Duty Mitigation can typically save the buyer over £20,000. I would definitely recommend anybody purchasing land or property over £250,000 to talk to a Stamp Duty Mitigation specialist, as this can save them thousands of pounds.
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