Transfer to subsidiary

[Sam12456]

I’m looking to transfer a flat on a 125 year lease to a 100% subsidiary company at market value.

I was wondering if I need to pay corporation tax and stamp duty, and if prior clearance from HMRC is required?

 

[Longterminvestor]

If the transfer is going through at the correct market value why would HMRC need to clear this? As for corporation tax/stamp duty I would take legal advice on this as you could argue underlying ownership is not changing so why should you pay?

 

[diyhelp]

Tax affairs such as these are best addressed using professional advice - I would certainly speak with an accountant.

 

[realdeals]

Could you not "sign-over" the property to your company but retain ownership? Similar to a director's loan?