Stamp Duty Land Tax (SDLT) at rates of up to 15% can apply to all property transactions, including those which are undertaken for no consideration.
SDLT can represent a major cost of a property transaction. Working closely with lawyers, we can advise you on the SDLT consequences of property transactions and the steps which can be taken to mitigate these consequences. Although anti-avoidance provisions exist, there are a number of statutory SDLT reliefs available.
Many corporate restructurings (for example, de-mergers, business purchases and partnership incorporations) will involve the transfer of property. Even where no consideration is paid for the transfer, SDLT can arise. We can advise you on the reliefs which are available in these restructuring transactions.
Since the introduction of the new Annual Tax on Enveloped Dwellings (ATED) in 2013, many property holding structures will be subject to additional tax liabilities. SDLT represents a significant cost in unwinding such structures and we can advise you on how to mitigate this.