- This topic has 3 replies, 1 voice, and was last updated 21st April 2008 at 9:49 pm by Patrick Cannon.
- 1st April 2008 at 2:19 pm #292Catherine GillGuest
I get asked by lots of clients about ways ’round’ SDLT recently a scheme has been suggested to me of partial completion i.e. the original purchaser defaults and the new ‘buyer’ steps in and completes the transaction albeit for a substantially reduced price. I wondered how effective this is and whether or not there is a more robust method.1st April 2008 at 3:07 pm #293Patrick CannonGuest
I would be very wary about any tax planning based on a contrived default. There are some legitimate schemes still available which work by applying the SDLT rules to the taxpayer’s advantage without the pretence of a default.3rd April 2008 at 1:23 pm #294Catherine GillGuest
Yes I did feel wary of the whole idea hence my post as I do not have any knowledge of the current schemes. What would be my best course of action? Knowing that everyone likes to keep the best ideas to themselves! I feel way behind in the game at the moment and would like to catch up.21st April 2008 at 9:49 pm #295Patrick CannonGuest
A conference with counsel to consider legitimate SDLT savings possibilities would be a great way to start!