Hi
About to purchase a new main home for my family and going to buying cash to hopefully avoid stamp duty holiday expiry (it'll be below £500k).
We won't have the time to sell our current home, and might want to keep it anyway as a BTL to add to our current portfolio which is owned personally and through Ltd Companies.
Can I just confirm my understanding that if I sell our current main house / registered principal dwelling (at market value) to a Ltd company 100% owned by my wife and myself, this would still constitute a sale of our main residence for SDLT so that I won't pay the 3% surcharge on the new purchase price. And so if I did the transfer to the Ltd before 31/3, I would just pay the 3% surcharge within the Ltd?
About to purchase a new main home for my family and going to buying cash to hopefully avoid stamp duty holiday expiry (it'll be below £500k).
We won't have the time to sell our current home, and might want to keep it anyway as a BTL to add to our current portfolio which is owned personally and through Ltd Companies.
Can I just confirm my understanding that if I sell our current main house / registered principal dwelling (at market value) to a Ltd company 100% owned by my wife and myself, this would still constitute a sale of our main residence for SDLT so that I won't pay the 3% surcharge on the new purchase price. And so if I did the transfer to the Ltd before 31/3, I would just pay the 3% surcharge within the Ltd?
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