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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u525869493/domains/taxzeta.com/public_html/wp-includes/functions.php on line 6114Did you know that you could significantly reduce your Stamp Duty Land Tax (SDLT) liabilities through Group Relief? As a property investor or developer with multiple companies within your group, you can now tap into this opportunity with our expert assistance.
SDLT Group Relief is an exemption from SDLT that opens new possibilities for companies within the same group. It allows eligible businesses to transfer properties amongst themselves for commercial reasons without incurring any SDLT implications.
Companies must be body corporates, which includes Limited Liability Partnerships (LLPs). There is no rule specifying that the companies must be incorporated or resident in the UK, or in the same country as each other.
To qualify as members of the same group of companies, one company must own at least 75% of the share capital of the other company, or a third company should own at least 75% of the share capital of both the buyer and the seller.
A transaction is eligible for SDLT group relief when the seller and the buyer for land transfers are both members of the same group of companies at the effective date of the transaction, which is typically the date of completion.
SDLT Group Relief is not granted automatically; it requires the purchasing company to actively claim it. The claim must be made by including it in their SDLT return form (SDLT1) and the company should use code 12 to indicate their claim for Group Relief.
We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.
Our experienced tax professionals stay updated on SDLT regulations, expertly navigating complexities for compliance and tax efficiency in SDLT Group Relief Claim.
Every property investment is unique, and we treat it that way. We’ll work closely with you to create a customised strategy to maximise your Group Relief savings.
We navigate SDLT group relief claim with clear guidance, and we’ll handle all the paperwork and calculations, making sure your Group Relief claim is accurate and submitted on time.
We pride ourselves on our quick turnaround times and efficient processes, ensuring that your SDLT return is completed in a timely manner and without any delays.
With our thorough understanding of SDLT regulations, you can rest assured that your claim is in safe hands, and you’re making the most of available SDLT group relief.
Our competitive pricing ensures that you receive excellent value for your money while maintaining the highest quality of service.