SDLT < 500k

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    SDLT < 500k

    Any ideas if I were to transfer/sell a BTL <£500k into a LTD Company in the next couple of months, would the transaction be covered with the no SDLT payable (announced by the chancellor today)?

    #2
    No. It's 3% if it isn't your main home.

    Comment


      #3
      I suggest you watch the Martin Lewis show tomorrow night 8.30 itv ( Thursday )

      https://www.moneysavingexpert.com/ne...announcement-/

      Comment


        #4
        I watched the BBC Parliament channel this morning and noticed Rishi Sunak said the no stamp duty concession is for buyers of their MAIN home. So its not for BTL buyers.

        Comment


          #5
          Copied from BBC website

          Stamp duty holiday


          Before Wednesday's announcement, stamp duty in England and Northern Ireland was paid on land or property sold for £125,000 or more, while first-time buyers did not pay on property up to £300,000.

          Anyone buying a property higher than those prices would have to pay stamp duty, but people buying a second home - such as a rental or holiday property - would be charged an extra 3%.

          Until 31 March 2021, stamp duty will now be axed for any buyer purchasing a property under £500,000 - but second home owners will still need to pay the 3% surcharge.

          The next portion of the property's price (£500,001 to £925,000) will be taxed at 5%, and the £575,000 after that (£925,001 to £1.5 million) will be taxed at 10% - with the additional 3% added if it is a second home.

          Comment


            #6
            The Nil rate sdlt up to £500K until 31 March 2021 , does include companies .

            "Companies as well as individuals buying residential property worth less than £500,000 will also benefit from these changes, as will companies that buy residential property of any value where they meet the relief conditions from the corporate 15% SDLT charge"..

            https://www.gov.uk/guidance/stamp-du...-reduced-rates

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