Stamp Duty Mitigation

Welcome to the our stamp duty mitigation page. Below you will find the information you need in order to save money on Stamp Duty Tax (SDLT).

Stamp duty is a tax levied by the government on all property purchases in England and Wales. It is payable on all property purchases above £125,000.00 ( £250,000 for first time buyers).

 The rate of charges is 1% on property purchases from £125,000-£250,000, 3% on purchases between £250,000 and £500,000 and 4% on purchases above £500,000. From April 2011 the rate will increase to 5% for all property purchases worth more than a million pounds. The rate is currently 4%.

Solution

It is possible to reduce your stamp duty liability using bespoke tax planning structures. Our tax planning partners and solicitors have been providing this service for over 5 years and completed on thousands of cases, saving clients tens of thousands of pounds in stamp duty.

As a result of thorough study of the SDLT laws over the past five years and consultation with top UK tax counsel, our partners are able to offer several robust, legal and proven methods of planning. The exact structure of the plan in any given case will depend upon a number of factors which are determined from the information supplied.

The plans that are used are all supported by opinions from leading experts in the field of Stamp Duty. We also have a panel of conveyancing firms, all of whom are independent and all of whom have carried out due diligence and compliance before becoming involved in the schemes. HMRC are notified where necessary of the plans and have provided written acknowledgment of such.

Scope

Harben Property is now able to offer UK residential, commercial and land purchasers the opportunity to reduce their SDLT costs to 1.5%+vat and 2% + vat respectively. Our professional tax partners operate a number of different formats, which can offer substantial tax savings to single, couple, married, multi-name, limited company and SIPP  clients seeking to buy either residential, commercial or land whether they be leasehold or freehold.

Other considerations

There are a hand full of providers who are currently offering stamp duty mitigation schemes. It is important when deciding on a provider that the tax structure has been reviewed by legal counsel before implementation. This remains the most prudent approach. If your tax planning is challenged by HMRC you are protected from accusations of tax evasion because of the counsel sought at outset. If in doubt ask for verification of this point and documentary evidence.

After researching the market we are confident that our tax planning partners offer the most robust and proven plan currently available. Unlike some other providers we are able to offer implementation without any upfront fees, a guarantee that no charges will be payable should the sale not conclude, for any reason, and as part of the agreement that is signed our tax planners promise to refund any and all fees that have been taken should the plan prove to be unsuccessful. Further, if this occurs and HMRC impose interest, our partners will cover this as well. Our planning partners are confident in providing the above terms  as over the last 5 years there has not been one instance of a completed tax plan being unsuccessful .

If you would like to know more about the stamp duty mitigation scheme please contact us via e-mail or phone.