Buy-to-Let Stamp Duty Hacks: The Property Tax Show
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- Опубликовано: 10 фев 2025
- Has The Chancellor’s Buy-To-Let Stamp Duty increases dampened your investment plans for 2025?
Then you need our Property Tax Show Stamp Duty special, with the latest stamp duty tips and hacks - and we’ll also debunk a few myths on the way.
In this episode we’re joined by Sam Lockwood, director at Marquess Tax, known as ‘Mr Stamp Duty’ in the industry, to discuss how he and other landlords are managing stamp duty with innovative investment strategies.
Chapters:
00:31 The SDLT Changes
02:06 What are investors doing?
03:19 Limited Companies
04:46 Commercial to Residential Conversions
10:43 Stamp Duty Reliefs and Exemptions
14:40 Derelict Properties
18:12 Beware of Reclaim Agents
21:40 Sam & Nad's Top SDLT Tips
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For more information about Marquess Tax (the home of Mr Stamp Duty himself!), visit them at marquesstax.co...
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This was the last nail for me , I was just a couple of days from completion and was given another bill for the additional 2% I’ve decided to retire so I’m not buying anymore houses ,the taxman has had his last stamp duty off me,
I was 5 days off completion and had this problem too. Its a big hit for a new landlord.
Ive had buy to lets for 20 years ,in wales ,im now getting out of it , the extra taxes forced on us ,along with, the tenants getting all the laws in their favour has made it too risky now , if they decide not to to pay it can take up to 12 months to get them out , if you want the house back to sell you have to apply to the courts to do that
If you're converting the commercial property to residential dwellings, then you can opt out of the vat on the buying price by submitting a VAT1614D form before exchanging on the property
Thats correct - this does need to be completed and accepted by the seller in advance of completion so do be careful.
Thanks for sharing the discussion.
Any time!
Good discussion, thanks.
The best hack is to move to Germany, get a job there and buy property there. Mortgage fee offsetting against income is still policy there. There are probably better countries than that too.
Hong Kong, I think 😂
Hi
Thnx
But I don’t understand why is surcharge in place??
The surcharge has been in place for a while now (previously 3%) it was bought in to deter investors and free up housing for first time buyers.
What proof would HMRC require to satisfy them on SDLT relief?
You would be required to document factual evidence of the property. For e.g to confirm unhabitable; evidence by way of photos, council tax records etc. You can speak to Sam at Marquess who deals with such claims.
Bloody 8% in Scotland ..
I just lost a land transaction tax reclaim for a derelict house ive bought in wales. Im going to try the relief for buying off a dead person
Valuations on commercial property is about triple what residential is, also you can’t transfer your commercial property into your SSAS if it’s a commercial with residential above, then if you split the Title you have to sell a lease to a third party & then you end up paying CGT on it. It’s not as great as you are saying.
It has been 5% in Scotland for a few years now.
Is it possible to talk to someone from Provestor to decide what is the best options as I want to incorporate my properties and use you as my tax accountants.
Of course! Head over to the Provestor website - you'll find our contact details there. If you're looking to incorporate, the starting point is to book a bespoke tax consultation call with Nadeem's team - you can do this on the website
Hey guys....I need some advice about buying out our Ltd Co BTL partners.... know anyone?
Hi - contact us and we can refer you to one of our partners who can help.
It’s 7 % from April for 125-250000
People will not going to bye any property.
This, S24. Epc upgrades and RRB will reduce new b2l entrants. The good news I guess is an improving market and lower interest rates coming for selling out to Ftb
She needs gone, liar ,cheat and fraud
Can SDLT/LTT be claimed back from a probate property used for Serviced Accommodation?
This generally wont be the case as the dwelling needs to be a 'main residence' prior to death to qualify for SDLT relief on probate.
You forgot to mention the extortionate rates the Banks charge on Commercial property loans, this outweighs the extra stamp duty.
Sorry for not making it clearer, but we were discussing commercial to resi conversions. Often the route used here is bridging finance for the purchase and renovation costs, then refinancing as residential units.