Transfer

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    Transfer

    Hi,

    I bought a flat in 2000 for 200k, and recently bought the freehold for the block of 6 which completed last month in a company name.

    I now want to transfer the property to the company but unsure what the implications on stamp duty and capital gains the flat is now worth 330k.

    Also with the new rules coming in, any advice on what to do

    #2
    Why do you want to put your own property into the same company which owns the freehold ? Don't do it.

    1. The transfer of your flat ( registered in own name ) to company will be liable for capital gains tax at 18% & 28% rate ( but the period of owner occupied residence is exempt for cgt . )

    2. The other leaseholders may wish to buy a share in your company and your own flat held by the company will be a problem.

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