Stamp Duty Land Tax (SDLT) is charged as a percentage of the final cost of a given property or piece of land. Talk to our Stamp Duty experts today to make sure you’re not overpaying.
In need of a Stamp Duty specialist?
Are you considering purchasing an investment property or a second home? Buying land? Gifting a property? Feel that your SDLT bill is unduly high? Confused by the rules?
Keeping track of Stamp Duty Land Tax across your portfolio is tricky at the best of times, let alone when you also need to stay on top of constantly shifting government regulations. It’s therefore common for people to feel unsure about their SDLT liability and unfortunately, overpayment is commonplace.
It is possible to significantly reduce the amount of Stamp Duty you owe and to claim back any overpayments you may have made.
Why choose Optimise Accountants?
Fully accredited experts.
Our SDLT accountants are fully ACCA, AAT and ATT accredited. We know that you can make significant savings on your property tax but that you want to do so in a way that satisfies HMRC. Our experts can help you achieve both goals.
Honest pricing structure.
Our pricing is always as honest and as transparent as possible so that you know exactly where you stand at all times. Our clients typically retain us on an ongoing basis for a monthly cost so we can help whenever required.
Always here to talk.
You can also book a 60-minute call in which we’ll review your individual situation and identify solutions to minimise your SDLT liability. After the call, our consultants will share the agreed plan so that you can begin implementing your tax reduction strategy.
How our Stamp Duty Land Tax advice can help.
One of our clients purchased a few properties and their solicitor wrongfully charged them the residential rates of Stamp Duty Land Tax and the 3% SDLT surcharge. This resulted in a tax overpayment of £35,000. Luckily, he spoke to our property accountants. We successfully worked with their solicitor to claim the overpayment back from HMRC.
Another client was looking to buy a residential property for £500,000 and faced a Stamp Duty Land Tax liability of £30,000. We were able to reduce this to just £500. Whether you’re expanding your buy-to-let portfolio, giving a gift or simply purchasing a secondary residence, our team of stamp duty land tax experts is ready to help.
Stamp Duty Land Tax is paid whenever you purchase a property, or land, or when either of these is transferred to you.
Typically, the SDLT payment is due to HMRC within 14 days of the asset purchase and your conveyance solicitors will normally process the payment as part of the completion process.
Our Stamp Duty Land Tax experts ensure that your liability is reduced as much as possible whilst remaining HMRC compliant. We advise on recovering previous overpayments and solve any ongoing negotiations with HMRC.
Our team is fully qualified and trained to help with any case regarding your Stamp Duty Tax. Whether your enquiring about non-residential, residential or commercial property, or, you’re working on a property development. Each case has its own legislation, tax rates and liabilities. In acting as your Stamp Duty Land Tax specialist, we ensure that you’re taking the best course of action to reduce your tax bill.
There are different bands of Stamp Duty Land Tax that you can fall into – defined by the value of the property you’re purchasing. Regardless of the band you’re in, paying SDLT reduces the return on investment of your purchased property. It’s therefore important to make sure that you have done everything possible to reduce the tax payment.
If any of the below three scenarios apply to you, it’s likely that you’ll also be liable to pay a 3% SDLT surcharge.
• Buying a second property as a holiday home
• Purchasing property investments when you already own a house in your name or in a limited company
• Buying a home for the first time as a property investment
Luckily, there are ways to avoid this surcharge. From parents buying properties for their children via a trust structure to landlords negotiating with sellers to split the tax cost between them.
Whether you’re expanding your buy-to-let portfolio, giving a gift or simply purchasing a secondary residence, our team of stamp duty land tax experts is ready to help.
We love our clients, and they love us.
Louise always has time to answer every question either in the same session or another session and ensures you understand. Having worked with Optimise and Louise for many years now, having an accountant you can rely on, can check back on previous calls and filings saved me £1000 on my personal tax bill. A true and caring professional.
Laura was very helpful. We are purchasing an investment property and were odds about in what capacity to purchase. Laura answered my questions and gave advice. She then followed the call up with an email summary and a recording of our conversation so that Mike could read/listen to it too and we could make an informed decision.
Optimise accountants have been absolutely incredible since being a client of theirs for around 4 years. Always helpful and going that extra mile. Not only that but they have saved me lots of money due to their guidance. I could not imagine building my companies without Optimise. If I could give them review 10 stars, I would! Thank you!!
Property investor and entrepreneur