Property/Planning: Under the net
Since the quadrupling of stamp duty on property transactions, stamp duty mitigation has become big business for
Until 1997, stamp duty on property transactions was charged at only 1%. Duty at that level was generally regarded as an incidental expense of buying property and it was unusual for the parties to enter into complex mitigation arrangements to avoid it. This changed dramatically following the steep increase in stamp duty rates in the late 1990s, culminating in the introduction in March 2000 of a 4% rate for transactions of more than £500,000.
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