Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of property or land in the UK where the amount paid is above a certain threshold.
Our SDLT mitigation scheme eliminates the SDLT payable when purchasing either commercial or residential property. The entry level for the scheme is £250,000. SDLT mitigation is deemed to be very low risk and non-aggressive, below £1,000,000 SDLT mitigation planning is not notifiable to HMRC.
Our SDLT mitigation is carried out in-house, based on our original counsel.
| Residential property, purchase price | £750,000 |
| SDLT payable at 4%: | £30,000 |
| Fee for SDLT mitigation is 40%: | £12,000 (of the SDLT payable) |
| VAT (at 20%): | £2,400 |
| Overall saving: | £15,600 |
This scheme takes account of legislation changes made in the pre budget of December 2006 and in particular s75A Finance Act
CDPCorporate Limited are retained to provide property recovery services to two of the 'Big Four' international accounting and consulting firms. This enviable position has enabled us to design, develop and deliver a range of property related tax planning solutions.
We are not a reseller, our in-house tax solutions are market leading, robust and use proven techniques to achieve one simple aim: to preserve the assets and wealth of our clients.
Further bolstering our experience, CDPCorporate is also fortunate to enjoy long-standing links with a wide range of other property specialists, from RICS surveyors, auction houses and property developers to legal counsel and development finance specialists.
CDPCorporate understand the property market and with our clear commitment to understanding the individual needs of our clients, we are determined to keep doing what we do best - preserving and enhancing the assets and wealth of our clients.
Based on rental values, Business Rates are a tax on the owners and occupiers of (non domestic) commercial property. It is calculated that rates typically equate to 45% of annual rent, making it one of the largest overheads for businesses and substantially impacting on the profitability of many organisations.
Since 1 April 2008, owners of industrial and warehouse premises must pay full Business Rates on premises once they have been empty for six months. For owners of offices and retail property the liability comes in after the premises have been empty for only three months.
Clearly this is an enormous expense for a commercial landlord with a number of empty properties. CDPCorporate offer the commercial landlord a number of tax planning strategies to mitigate either all or a large proportion of Business Rates on empty property.
Capital allowances are a statutory right to tax relief. As well as the more widely understood items of plant, machinery and equipment, they are available on expenditure incurred in buying, building, fitting out and refurbishing commercial property. They are available to property investors, owners and occupiers either where property is held as an investment or used for the purposes of a trade.
Capital allowances act to reduce the amount of income charged to tax. There are significant benefits to a taxpayer in claiming these allowances:
The breadth of property expenditure, which qualifies for allowances, is vast. Examples of some of the more common items of expenditure which attract plant and machinery allowances or integral features allowances include:
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