Prideaux Associates

specialist tax planning services

Overview

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 above £250k up to £500k, and 4% for purchases of above £500k. In April the SDLT rate for properties over one million pounds was increased to 5%. Prideaux Associates can offer UK residential, commercial and land purchasers the opportunity to reduce their SDLT costs to less than 1.5% for purchases over £250k and less than 2% for purchases over £500k. And finally for properties over £1,000,000 we can reduce the SDLT costs to less than 2.5%. We operate a number of different schemes, 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 property whether they be leasehold or freehold.

How can we do this?

As a result of thorough study of the SDLT laws over the past five years and consultation with top UK tax counsel on an ongoing basis, we 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 in the Letter of Instruction (LOI) completed by the client.