This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Stamp Duty Refund

170872
Posts:75
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:4262
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:75
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:1738
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.


Return to “Property Taxation”