SDLT when transferring property

March 30, 2017

SDLT when transferring property from an individual to a company

When a company acquires land or buildings it will pay Stamp Duty Land Tax: SDLT (LBTT in Scotland). The rates due on residential property are: 3%, 5%, 8%, 13%, or 15%, on bands of consideration which vary for SDLT and LBTT. 

This tax is payable even if the properties are transferred from an individual to a company he or she owns. Where a partnership of related individuals transfers properties to a company the partners control, the SDLT can be reduced to nil. However, the circumstances in which this exemption applies are very limited. 

Talk to our Cambridge Property Tax Advisers about the tax charges which may arise before you transfer properties to a company. 

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