SDLT for Limited companies
4:04 PM, 20th June 2017, 9 years ago
1
Categories:
My company owns 50% of a leasehold flat and has agreed to purchase the other 50% for £57,500.
I was extremely surprised to hear from my solicitor that “SDLT is payable by all companies at the rate of 3% when acquiring a property at this level.”
He also stated that he was taking advice on whether the SDLT was payable on the remaining half share or is based on the value of the property.
I was under the distinct impression that incorporated companies are not liable for the ‘penalty’ SDLT?
Stu
1 comment on this article
Learn from your peers’ experience
A different perspective could help you spot an issue, avoid a mistake or find a better way forward. Read the comments and add your own views if you wish.
Previous Article
FREE WEBINAR - Last Chance To RegisterNext Article
Step sons want to take possession of fathers house
Member Since February 2011 - Comments: 3462 - Articles: 286
4:06 PM, 20th June 2017, About 9 years ago
Hi Stu,
Your solicitor is correct for residential properties purchased by a Ltd Co.