Transferring Inherited property straight to Limited Company?
Hi, I’ve inherited a house from my stepmother and I’m considering letting it.
I’m a higher-rate tax payer and as I’d rather not hand over 40% of all my rent to the tax man, I’d like to use a Limited company to ‘own’ the property, but, I think I may have to pay stamp duty – including the 3% extra – if I transferred it to the Ltd company from my ownership.
However, as I haven’t transferred it to myself yet (only just got probate awarded) – could I transfer it directly to a new Ltd company, free of Stamp Duty?
Is there any other way around this issue?
Many thanks
Adam
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Member Since December 2024 - Comments: 1
3:42 PM, 16th December 2024, About 1 year ago
Reply to the comment left by Ade at 19/04/2023 – 07:54
Hi Ade
Can you recommend the lawyer/accountant that allowed you to do this ?
KR