How to take the sting out of stamp duty

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It's super-easy to avoid SDLT altogether, but how can those who either want or need to move minimise the impact?

Written by

Trevor Abrahmsohn

Managing Director at Glentree

Trevor Abrahmsohn founded Glentree Estates in 1976. He has since sold some of the most notable and largest mansions in London to such luminaries as the Kazak billionaire who bought Toprak Mansion in the Bishops Avenue for a reputed £50 million; Witanhurst, the second largest home in London, for £50 million, and the Eccleston mansion in Kensington Palace Gardens for $100 million. A-list clients include Lakshmi Mittal, Sir Martin Sorrell, Richard Caring, Richard Desmond, Joan Collins, Gerald Ronson, Lulu and other celebrities. Former Prime Minister, Lady Thatcher has been to his house for tea and President Mikhail Gorbachev was the guest of honour at his company’s 33rd anniversary party at Toprak Mansion. He has sold over £3 billion worth of property in 35 years.

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Main image: Potential savings made by building a new home instead of buying an existing one are 'not to be sniffed at'

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The Tory leadership hopeful's 'innovative' idea of sharing the SDLT burden between buyers and sellers could turn out to be a mixed blessing, says Trevor Abrahmsohn, but any genuine stimulus is more than…
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'Mr. Hammond, Sir, you have an opportunity in the Spring Budget of 2017 to correct this error'
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With the Institute for Fiscal Studies now warning that the Government will struggle to meet its target of balancing the books by 2019-20, Knight Frank has taken a proper look at how the new stamp duty…