SDLT (Stamp Duty) is a Government Tax. As with all taxes there are ways of properly minimising payment however tax “evasion” is a criminal offence. Quite recently the Revenue have emphasised that they intend to clamp down on SDLT “avoidance” schemes that they feel are in fact evasion.
Whether you are in a position to properly avoid tax will depend on the circumstances of your particular transaction. Information and guidance is available on the HMRC website https://www.gov.uk/topic/business-tax/stamp-taxes however, you should take advice from your conveyancer on this subject.
For more information about Stamp Duty, take a look at reallymoving.com’s Guide to Stamp Duty. As of November 2017, first time buyers do not have to pay Stamp Duty on properties up to £300,000 and will get a discount on properties up to £500,000.
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