SDLT for Limited companies

by Readers Question

16:04 PM, 20th June 2017
About 3 years ago

SDLT for Limited companies

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SDLT for Limited companies

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?


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Neil Patterson

16:06 PM, 20th June 2017
About 3 years ago

Hi Stu,

Your solicitor is correct for residential properties purchased by a Ltd Co.

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