Transferring Personal Property to a Company

28/05/2019 07:20:06
I personally own one property bought before the stamp duty sur charge was introduced. I want to buy a larger property to live in. If I set up a new company and transfer my existing property into that new company so that I can personally buy the new larger proprty without the surcharge, will i have to pay stamp duty on the transfer of the existing property into the new company at the higher stamp duty rate based on market value? Will I be able to deduct the stamp duty paid originally back in 2014?

Re:Transferring Personal Property to a Company

28/05/2019 10:56:42

Thank you for your question. We do not deal with queries regarding Stamp Duty on the forum. General guidance on Stamp Duty can be found at the following link
Stamp Tax

Details of how to contact the relevant department can be found at
Stamp Duty Land Tax