30% relief on SDLT

by **Global2010** on Thu Mar 24, 2011 10:38 pm

Hi all,

I wonder if anyone has heard of this before? I have been informed that if I were to find a solicitor who had signed up to a scheme regarding STLD relief, I could apply for personal relief of up to a third of the tax I pay on the residential property. It seems the scheme is expensive to join, and would require an investment by the solicitor up approx £700,000 however they gain from obtaining the majority of the tax relief, returnin just a third back to the client.

I haven't been able to find any information on this, so I just wondered if anyone here might know anything?

Thanks

by **section 44** on Fri Mar 25, 2011 10:27 am

I have never heard of such STLD relief.

by **King_Maker** on Thu Mar 31, 2011 12:09 pm

I too am not aware of any such relief as such.

I suspect it's an avoidance scheme - possibly involving partnerships and/or companies.

If you still wish to proceed :

1.Ask to see all the paperwork.
2. Has Counsel's opinion be obtained? If so, check it out.
3. What are the guarantees?