Escaping stamp duty on enveloped propertiesHouse buyers have been told they could save millions in stamp duty on high-end “enveloped” properties if they purchase the offshore company that owns the house. It comes after Aston Chase, agents for an £8.95m house off Regent’s Park in London, said purchasers can save £985,750 in stamp duty by buying a Guernsey-based corporate entity whose sole asset is the property. They will, however, be liable for the annual tax on enveloped dwellings (Ated), which the agency says will amount to £54,450 a year.
Avoiding SDLT
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The firm aims to give its clients the benefit of long experience, which is considerable bearing in mind the fact that all of the partners have been in practice in Northern Ireland for over twenty or more years.
