Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
Hi, my son owns a flat that he’s now rented out as he had to relocate for work. He rents a flat in his new location, but he wants to buy and will have to pay the 3% stamp duty surcharge as it will be his second property.
Can he form a company and transfer the original flat into this newly formed company (with a view to adding further rental properties in future) and pay the standard company stamp duty, then purchase the new flat in his name to be his sole residence and only pay the basic stamp duty rate.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More