Fully insured, aboveboard services help property buyers cut their tax bills, saving many clients tens or hundreds of thousands of pounds with no risk or delay, Fiducia reports
Alderley Edge, Cheshire -- (SBWIRE) -- 10/30/2015 -- Fiducia announced that new United Kingdom Stamp Duty Land Tax rules mean that property buyers will now save a minimum of 59%, fully insured and after fees are considered, when using the company's services. Through entirely legal, legitimate means, Fiducia solicitors work to minimize the Stamp Duty Land Tax paid on the transfer of properties in England and Wales that are valued at £350,000 and above. Fiducia offers a range of other services also aimed at safely minimizing the tax burdens experienced by businesses and individuals in the United Kingdom.
"With high-end Stamp Duty Land Tax rates at record levels, transferring ownership of property can be expensive, particularly for those who simply fill out the required forms and leave things at that," Fiducia representative James Parker said, "Our experienced solicitors regularly save clients tens of thousands of pounds or more on property conveyance, and they do it without tricks, gimmicks, or risky avoidance schemes. With new Stamp Duty Land Tax rules now in effect, we can promise to save our clients 59% on conveyance of properties costing £350,000 or more, without delaying the process or requiring extra work from them."
Historically, stamp duties were taxes imposed through a requirement that particular legal documents carry stamps issued by authorities, the price of which amounted to the tax itself. The United Kingdom's Stamp Duty Land Tax, first introduced in 2003 and modified several times since, does not actually involve the acquisition of a stamp, although it otherwise much resembles earlier taxes that did.
Under the system, buyers of many real estate properties in England, Wales, and Northern Ireland must self-report their transactions to HM Revenue and Customs within thirty days of conveyance, attaching a payment that varies according to the value of the land or structure. First-time buyers of property costing £250,000 or less are exempted from the tax entirely, as are residents of Scotland and those buying property where the total amount of consideration is less than half that.
For other buyers, though, the Stamp Duty Land Tax can run up to tens or hundreds of thousands of pounds in the default case. For purchase prices above £1,500,000, for example, a full 12% of the amount in excess is normally demanded under the system, in addition to what is charged at lower rates on the rest of the sale.
Employing no tricks, gimmicks, or backfire-prone avoidance schemes, Fiducia stamp duty experts help clients pare down these bills significantly. Under the new Stamp Duty Land Tax rules, those who use Fiducia's services for properties selling for £350,000 or more can count on saving at least 59% on their taxes. In addition, every conveyance conducted through Fiducia is fully insured and will not delay the process.
Those interested in learning more about this often-valuable service can read about the Fiducia stamp duty process at the company's website, where an up-to-date Stamp Duty Calculator makes it easy to figure out how much can be saved on a particular transaction. Fiducia also offers a range of other safe, legally grounded services that help the company's clients lighten their tax burdens.
Leveraging the experience of leading tax, compliance, and property barristers, Fiducia helps businesses and individuals in the United Kingdom minimize their tax obligations through safe, legal, fully insured means.