Stamp Duty Mitigation

Investaco has access to a unique product which will allow your purchasers to save a substantial sum on their Stamp Duty Land Tax.

Stamp Duty Land Tax (SDLT) is currently paid at the rate of 3% for UK Tax payers purchasing land or property in the UK for a consideration of £250k up to £500k, and at the rate of 4% for purchases of above £500k.

Investaco can offer UK residential, commercial and land purchasers the opportunity to substantially reduce their SDLT costs.

Your stamp duty fees can be reduced by 50% (VAT is payable).

Fees

There are two fee rates dependent on the SDLT thresholds:

If the purchase is above £250k and up to £500k the SDLT would be 3% and the total fee is 1.5% + VAT.

If the purchase is over £500k the SDLT would be 4% and the total fee is 2% + VAT.

Please see the example table for greater clarification:

Mr Smith is purchasing a residential property for £350,000.00. Mr Smith’s SDLT requirement on this at 3% would be £10,500.00. With the scheme, Mr Smiths actual cost are reduced to the fees, totalling only £5,250.00 + VAT (£6,168.75), making Mr Smith a saving of £4,331.25.

3% Category
Purchase Price £350,000.00
Stamp Duty Payable £10,500.00
Total Fees £5,250.00
VAT £918.75
Clients Saving £4,331.25

Testimonial
“The Stamp Duty Mitigation Scheme was a great success. We received our money quickly and hassle free which enabled us to make home improvements.   I will certainly be looking into using the scheme again in the future”.
Mr B. Kent

Key Points

  • NO upfront fee
  • NO fees if the sale does not conclude
  • Available on property purchases from £250,000.01 upwards
  • A large number of cases successfully processed in the last four years
  • All monies are handled by the conveyancing solicitor in the usual way
  • Where advised by counsel, plans have been submitted to HMRC and acknowledgment has been received
  • Tax planning is structured around the in-depth advice of leading Tax Counsel, who are retained and constantly monitored and updated of all the tax planning arrangements, in order to comply with the ever changing and complex tax laws.

The Financial Services Authority does not regulate taxation advice.

This is an example and for information only.  This is not to be taken as financial advice and we recommend that you seek advice pertinent to your own individual situation before embarking on any course of action.

Levels, bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the client.

 

    For more information, please contact us