Stamp duty reduction by splitting sale

[bigboycoUK]

Hi,
I am in the process of buying a residential property with 3 acres of paddock for £265,000. Would it be possible/legal to buy the house for £250k and the land seperately for £25k in order to reduce my liability for stamp duty. They are currently being offered as one package so would it now be too late to go down this route.

[cranleys]

Your purchase are tied together for Stamp Duty purposes which avoids someone splitting the title to avoid Stamp Duty.

Always available to assist.

Colin Davison
colin.davison@cranleys.co.uk

Editor - Property Tax Secrets 2005

Cranleys Chartered Accountants
01256-766655
07766-714000