Taxation in land transfer

[MAttu]

Hello

I own some land in my own name , bought in 2019 and paid about 60k, can I transfer the land to a limited company without paying tax, or would stamp duty and capital gains be payable? I think the land maybe worth between 60k and 80k now.

Thanks in advance.

[bd6759]

CGT will be payable if there is a gain.

SDLT is also payable.

[MAttu]

Thanks

Any ideas what the tax would be in say a 20k gain in value and the stamp duty? Based on an 80k sale.

[AGoodman]

Taxable gain would be £20,000-3000 = £17,000. Subject to tax at 18%,24% or a bit of both depending on your marginal rate.

There is no SDLT on £80,000 non-residential land as the threshold is £150k