Or SDLT is in its simplest form a tax payable on the purchase of properties. However, if you make a gift of a property and the responsibility for the mortgage passes, SDLT can be payable.
Further, regularly people pay too much SDLT by not taking account of the reliefs available including multiple dwellings relief.
If you are buying a property with an annexe or even with more than one kitchen and living areas get in contact to see if MDR is available to you.
Further, if you are considering buying more than one property or piece of land or exchanging properties please get in contact to discuss how best to structure the deal.
You shouldn’t rely on your property lawyer to give you tax advice here, speak to Culver Law to help us mitigate the tax you pay
Our team are experienced in handling a broad range of taxation services, that include but aren’t limited to:
Get personalised, easy-to-understand inheritance tax planning advice from our team of friendly solicitors in London or Cambridge. We are inheritance tax specialists so you don't have to be.
Or SDLT is in its simplest form a tax payable on the purchase of properties. However, if you make a gift of a property and the responsibility for the mortgage passes, SDLT can be payable.
Capital gains tax is payable whether you sell or give away an asset and can also be payable if an asset is destroyed and you receive an insurance payout.
By making individuals pay for their own care needs in later life, saves the government many millions of pounds.
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