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Where Taxpayers and Advisers Meet

Stamp Duty Refund

170872
Posts: 59
Joined: Wed Aug 06, 2008 3:41 pm

Stamp Duty Refund

Postby 170872 » Wed May 29, 2019 5:09 pm

Hi all,

I have a question to ask and hope someone can answer

i have a buy to let property a small flat . I plan to sell this flat to my limited company.

My question is will I be able to claim back the stamp duty paid on my small flat I own when I sell it to my Limited company which I own 100%?

Thanks

bd6759
Posts: 3072
Joined: Sat Feb 01, 2014 3:26 pm

Re: Stamp Duty Refund

Postby bd6759 » Wed May 29, 2019 5:40 pm

What stamp duty? A seller does not pay stamp duty, the purchaser does.

The purchaser, your company, will be liable to the additional 3% rate calculated on the market value. This is not refundable. Why would it be?

170872
Posts: 59
Joined: Wed Aug 06, 2008 3:41 pm

Re: Stamp Duty Refund

Postby 170872 » Thu May 30, 2019 10:37 am

Thank you for your reply. I paid Stamp duty when i bought the flat in my own name 10 years back. It was rented out only 6 years.

Will i be able to claim back this stamp duty back when i sell this property to my Limited company which I own 100%? I understand that the company will
need to pay additional 3% stamp duty. But what will happen to the stamp duty that i paid personally when I acquired the flat in my personal name 10 years back?

Thanks

AGoodman
Posts: 774
Joined: Fri May 16, 2014 3:47 pm

Re: Stamp Duty Refund

Postby AGoodman » Thu May 30, 2019 2:52 pm

No. You paid stamp duty on a purchase of the flat 10 years ago. There are no grounds to recover it.


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