Stamp and transferring to a Ltd co.?Make Text Bigger
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.
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