Purchases of residential property by a company are subject to a higher rate of SDLT but there are still reliefs and reductions available depending upon the type of property being purchased.
The purchase may consist of more than one dwelling, a mixture of commercial and residential elements or there may be land which should be treated differently to the property itself. An area which is gaining momentum with certain claims companies is in relation to uninhabitable properties and the tax savings available provided the property meets the strict criteria. This is an area plagued with false claims leading to adverse Tribunal decisions
Relatus have assisted many companies to reduce the amount of SDLT payable and our expert advice ensures that you will pay the correct amount of tax.
If you have any questions about your property tax, then get in touch with our team here at Relatus who will be happy to help.
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