Specialist Property Tax Planning Services for Landlords and Property Investors 
When it comes to purchasing property, one of the significant costs that individuals and businesses must account for is Stamp Duty Land Tax (SDLT). At Property Tax Advice, we frequently receive inquiries from our clients about the reliefs available to reduce the SDLT payable. Our response, however, is always one of hesitation and caution.This content will be shown in the summary on the main blog page. Click on this text to edit it. 
The landscape of SDLT reliefs is fraught with complexities and pitfalls. The presence of numerous unregulated advisors in the industry means that HMRC often challenges SDLT claims, and more often than not, they emerge victorious in tribunals. 
 
A recent case illustrates this point vividly. HMRC argued that a paddock, which was subject to a grazing agreement, should be considered part of the grounds of the residential property, thereby attracting the higher residential rates of SDLT, rather than the lower commercial rates as claimed by the appellants. This was despite several factors that seemed to support the appellants' position: the paddock was under a grazing agreement with a third party, it was not visible from the house, and it was held under a separate registered title from the property. 
 
If you share our scepticism about the likelihood of successful SDLT claims, you will not be surprised to learn that the couple's appeal was dismissed, and they were required to pay the residential rates of SDLT. 
 
This case serves as a poignant reminder to proceed with extreme caution when considering SDLT reliefs. If you are looking to purchase a property and seek SDLT advice that you can trust, please do not hesitate to contact us at jessica@property-tax-advice.co.uk. Our team at Property Tax Advice is dedicated to providing reliable and professional guidance to help you navigate the complexities of SDLT. 
 
Remember, when it comes to SDLT reliefs, it's always better to err on the side of caution. Ensure that you have the right advice to avoid costly mistakes. 
 
For more information and tailored advice, reach out to us below today. 📧 
 
 
📞 01249 816 810 
 
 
Tagged as: Stamp Duty Land Tax
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