Stamp duty mitigation: explained
Tuesday, April 17th, 2012
A stamp duty is more widely known as the stamp duty land tax which is a type of tax levied upon the transactions which deals with land or any other properties in the United Kingdom. There are various rates of this tax along with different thresholds depending upon the various land types and sizes and the different range of values of each transaction.
This tax on land and property which is termed as ‘Stamp duty’ can be avoided through extensive planning if a buyer purchases any land or property which comes for a total valuation of above £250,000 and the land or property can be bought for either residential purpose or commercial purpose.
One can get a relief on the stamp duty land tax by means of what is known as sub-sale relief. Sub –sale relief can be described in simple words as when a property or land is sold he buyer or purchaser who bought the land or property through a solicitor or directly can sub sell the land by various ways.
