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Avoiding 3% stamp duty - sensible info required!

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Comments

  • codswallop_2
    codswallop_2 Posts: 5 Forumite
    So what checks exactly can the Inland Revenue peform ?
  • mart28
    mart28 Posts: 15 Forumite
    By reading the book listed earlier there are a number of schemes to reduce the impact of SDLT on your pocket.

    http://www.qck.com/avoid-stamp-duty.html

    Scheme 2 details the Split Property Strategy For Buyers (page 24), reducing the value of your property into two transactions.

    Basically by splitting the property may reduce the level of SDLT you pay, say from 3% to 1% or even 1% to none.

    Could this work for splitting your land and house, expecially a corner plot where you may wish to build another building on.
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