Reply To: company apartment in London

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MartynSinclair
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My company are considering buying a property to the west of LHR for just over a million sterling. This is a residential property where stamp duty will be 4%.

I am being pursed by a tax advisor who swears blind he can reduce the stamp duty by up to 80% but is being very cagey about how. All he says is that this is not an avoidance scheme but a creative scheme.

It is travel related becasue the property is to be used in lieu of hotels in the Heathrow area.

Do any accountants and or lawyers reading this forum have any comment about the legality and practicality of these schemes. The firm claim to have HMRC approval notice for the scheme but will only show it on applicattion, Any guidance would be appreciated.

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