How To Avoid Stamp Duty (Legally)

Welcome back to British Home Investors! In today's video, I'm diving deep into the legal ways to avoid stamp duty. Overpaying on tax isn't something any of us want to do, and you might be surprised at how many of these loopholes you're not aware of. Whether you're a property investor or a residential buyer, these tips could save you thousands.

Who Am I?
I'm William Gale, and since 2012, I've built a UK-wide homebuying company, a nationwide estate agency, and my own property portfolio. My experience and access to insider information are key to my and my clients' success. Let's dive into the strategies!

Video Breakdown:

1. Trading/Flipping Properties: Learn how property traders can get stamp duty exemptions in specific situations, including buying new builds, job relocations, chain repairs, and deceased estates.
2. Purchasing Six or More Properties: Discover how buying multiple properties in a single transaction can help you benefit from lower non-residential stamp duty rates.
3. Buying a Company Instead of a Property: Understand how purchasing a company that owns property can significantly reduce your stamp duty liability.
4. Properties Under £40,000: No stamp duty is due on properties valued under £40,000. Find out where these opportunities exist.
5. Separate Chattels from Property Purchase: Learn how separating the value of chattels from the property can reduce your stamp duty.
6. Commercial Properties for Conversion: Explore how buying commercial properties for conversion to residential can help you avoid higher stamp duty rates.
7. Mixed-Use Properties: Mixed-use properties are taxed at non-residential rates, which are generally lower. Find out how to leverage this.
8. Uninhabitable Properties: Discover the criteria for uninhabitable properties and how they can help you avoid stamp duty.

Important: Always consult with a tax advisor to ensure you are applying these strategies correctly.

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👋 Who am I?
My name is William Gale, and I’m the founder and CEO of The British Home Group of Companies. Curious to learn more? Check them out above! I took the leap into entrepreneurship in 2012, quitting my job to start my first company and I haven’t looked back since. I hope you find my content valuable & if your interested in videos about Finance, Business & Entrepreneurship check out my personal YouTube Channel Below:

CHAPTERS:
00:00 Introduction
01:11 Trading/Flipping Properties
04:02 Purchasing Six or More Properties
05:47 Buying a Company Instead of a Property
06:47 Properties Under £40,000
07:18 Separate Chattels from Property Purchase
08:00 Commercial Properties for Conversion
08:51 Mixed-Use Properties
09:47 Uninhabitable Properties

[kellywalker]

This video is amazing. These are the loopholes they will never tell you about. If you underpay tax they will chase you to the ends of the earth to squeeze every drop of blood from you but if you overpay tax they won’t be in a rush to tell you or to help you recover the overpayment.

[robertlane]

I have been in property game for 25 years. I purchased a school and converted it. You've educated me thanks

[Nobodyknowsmeanymore-nf]

Very well structured and clearly presented video. Thank you.

[Vincent]

Just another smack in the face for the average worker. We get stung and people with top accountant / tax advisors get away with it. Why can’t we have a system that all the loop holes are shut down, same rules for everyone. I couldn’t believe it when I first filled out a self assessment tax form and it had a section which said “ which tax avoidance schemes are you using “ there shouldn’t be any way to avoid tax for anyone FULL STOP. It is disgusting, the system is rotten to the core !

[quillo]

Income tax, then you invest whats left and pay capital gains tax, then value added tax when you buy something, then stamp duty tax on assets, then you leave it to your kids and its inheritence tax.

[nikolaimiroshnichenko]

I cant understand the grounds of paying this tax. You bought a priperty but somehow should pay government...for what? I understand if you made profits by selling the property but buying - for what?

[olgaturkowska]

Could you please expand on seller relocating to work, please? I cannot find any details online at all :(

[XiaodongWang-qtoy]

This is a very powerful vedio which teaches me a lot which I don’t know.

[Thatsamorehouse]

Great information. Thank you for sharing. If you buy a property . Who has the owner passed away, but the daughter is selling it . Do you still pay stamp duty ?

[gaurangiify]

Loved your video, I was wondering if i could help you edit
your videos and make your work simple!??

[K.s.k]

This is a really good video thank you very much for this.

This relates to a probate property and my two limited companies one is a trading company and one is a property investment company - what if I transfer or sell the property to my investment company at no gain or minimal gain? Does the stamp duty relief still apply?

[TravelMasters]

Very useful information indeed. Can you recommend an account to work with?

[jaymarshall]

Great video, first one of yours ive seen so far. I'd like to buy a home and it has 3 acres of land, does such a small holding benifit from any kind of stamp duty relief?

[Johnknowsstuff]

Buy an empty building plot as a limited company. It needs its own title, not to be considered in the garden or grounds of another property. If it's under £150, 000 it's zero rated. Example: property developer buys an empty plot for £140, 000 to construct a pair of 'new-build semis'. That makes each of the semis £70, 000 per plot.

[johncolclough]

With sdlt ive brought a few and just had a thought do we actually get an invoice from hmrc ive never seen an invoice but have to pay sdlt

[MathsPlusGames]

Good video, but what if I am buying as a LTD company

[antonymcneillis]

So if you wanted to sell a company which help property, where is the b st place to market that company for sale?

[SteveB-nmxb]

Can you confirm that under specific ‘sharia’ schemes, some demographics can avoid stamp duty….and can that be exploited more widely?

[coolco]

Under £40000 properties? Not many. What's the point for this even introduced !

[johncolclough]

So if i buy a house 290k seller moving to dubai for work what exemption is that