Oct 05 2011

Why You Want to Avoid Stamp Duty Costs

Stamp duty is a tax that is required to many different signed documents. In the past the documents required a physical stamp, but now it is just a tax that is added on when the documents are being processed. With most of the documents there isn’t anything you can do about the tax, but with land transfers that isn’t the case. On any land transfers that are over £500,000 you can avoid stamp duty rates entirely. There are certain loopholes that exist that will allow you out of paying for them. Avoiding stamp duty isn’t the same thing as tax evasion and it is completely within the confines of the law. Understanding how to take advantage of those loopholes does not come easy for most people, and that is where professionals come into play. While you will have to pay the professionals to help you avoid stamp fees, you will still end up saving money overall.

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