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Where Taxpayers and Advisers Meet

SDLT for first home outside company

JonP_83
Posts:1
Joined:Thu Oct 28, 2021 2:46 pm
SDLT for first home outside company

Postby JonP_83 » Thu Oct 28, 2021 2:51 pm

Dear forum

I currently own no properties

I am in an unusual situation where I am considering purchasing a small property in a Ltd company - myself and my sister would be directors. I understand this would subject to the 3% SDLT surcharge

When i one day buy my own residential property (outside the company) will I be subject to the 3% SDLT surcharge? I thought not, since the limited company and I are separate entities. However, I have received conflicting advice and therefore would be grateful for any help

Many thanks
Jon

bd6759
Posts:3745
Joined:Sat Feb 01, 2014 3:26 pm

Re: SDLT for first home outside company

Postby bd6759 » Sat Oct 30, 2021 11:31 am


I currently own no properties
That is the answer to your question.

pawncob
Posts:4877
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: SDLT for first home outside company

Postby pawncob » Sun Oct 31, 2021 8:31 pm

https://uklandlordtax.co.uk/stamp-duty-rates-for-limited-companies/
With a pinch of salt take what I say, but don't exceed your RDA


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