Stamp Duty Land Tax
Stamp Duty Land Tax
Stamp Duty Land Tax
Why pay stamp duty if you do not have to?
The schemes cover properties, commercal and private, with a value from £250,000 upwards. The cost of the schemes vary with the size and type of property, and at the over million price tag there are several choices.
At the more usual end the scheme charges 2% plus VAT (for between £250,000 and 500,000 1.5%) to avoid all stamp duty. On a purchase of £600,000 this would save over £10,000 whilst a £300,000 purchase could save some £4000.
It is important to stress that you will still own the property and will be shown on the title deeds.
Disadvantages?
Why isn't everyone doing it? This is a good question! Even the Labour party did it a few years ago with their London headquarters! This scheme has had over 1000 properties through its turnsiles Why shouldnt yours be the next?
What if it goes wrong and the Taxman wins? The simple answer is you will have to pay the duty you thought you were going to have to anyway. BUT we are convinced that this will work so we will guarentee your fees back if it doesn't.
The scheme paperwork is very complex and you must use the scheme lawyers for the conveyancing so please get in touch ASAP.