7:24 AM, 21st June 2016, About 7 years ago 8
I am a full time landlord and have a portfolio of properties that are all in my sole name. I am confused by the conflicting advice I have received from various tax advisers about incorporating via a property partnership to get around both CGT and SDLT.
I find the partnership route very murky and open to challenge by HMRC and therefore I am inclined to incorporate direct from personal ownership (like Ramsey case) if the SDLT bill will not be too high.
I know that if you transfer 6 or more properties then you can opt to pay the commercial SDLT rate but what I am not clear about is; will the SDLT be payable on the total value of the portfolio or would it be averaged out with SDLT charged on the rates that apply to individual properties as is the case with Multiple Dwellings Relief.
Any answers would be greatly welcome.