Offshore Trust/Stamp Duty

[Hineygate]

I am a UK resident, non-domiciled who is looking at purchasing a property in the UK. I am the beneficiary of an offshore trust. I was wondering if there is any way of limiting stamp duty by purchasing a property through the trust rather than as an individual. Thanks in advance for any information you can give me.

[Taxbar]

You need to take advice if this is to be your residence. There are IT and CGT consequences.

For stamp duty there is no difference who purchases the property, but there maybe an advantage when you come to sell.

Daniel Feingold
STP
info@stratax.co.uk

[JD]

It may be possible to utilise a unit trust to mitigate SDLT on the purchase of the property,
The property would need to be fairly big (c>1m) to make it worthwhile and the vendor would have to be involved.

Also, as Taxbar said, you need to take advice on the implications for other taxes.