Property Tax Success Story: Tax Planning & Stamp Duty Land Tax (SDLT)

Client Overview

Our client acquired a high-value property for £2.9 million, which included a main house, an annexe and a paddock.

How we supported our client

Tom and the team were approached via our client’s solicitor to support the Stamp Duty Land Tax (SDLT) points with a view that Multiple Dwellings Relief (‘MDR’) may be identified that would generate a significant saving in SDLT on the purchase.

Tom and the team ascertained that there was a good likelihood that the property could be argued to be mixed use for SDLT purposes which would drive the SDLT saving up to £134,000!

The Results

After 18 months of tenacious work, the team successfully obtained a closure notice on behalf of our client from HMRC agreeing the mixed-use position for SDLT purposes. The client is therefore delighted to have secured the £134,000 savings.

“This area of SDLT is a highly complex and contentious and is often successfully challenged by HMRC. It is a testament to the skills we have within our tax teams as to the high level we can operate at. The team have done a great job, and the client is rightly so ecstatic with the result of our work on their behalf.” Says Tom Butterworth, Associate Director.