I own a property which is currently been rented as my wife and I are both living overseas due to my work in Europe. This property is currently in the process of being transferred to a property company owned by my son. As we are planning to return to the UK soon we are looking around for a house as our main residence. The questions I have for the forum are:
i) As I am transferring the owned property to a company as a gift, will I be liable to the 3% additional SDLT when I buy another property on my return to the UK?
ii) If the answer is yes, will I be liable to the additional 3% SDLT if I fully finance my wife to buy the other property 100% cash funded by me?
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