Stamp duty in a LTD company

[Deanb7823]

there’s been a few things I’ve read about stamp duty laws now when operating in a ltd company, do investors have to pay SDLT on properties if they own 15 or more? I’ve also heard if you own 6 properties you wont pay an additional stamp duty on the 7th purchase? Can someone clear this up? Cheers

 

[diyhelp]

An interesting article in the FT:-

https://www.ft.com/content/233627ea-f2a5-11e6-95ee-f14e55513608

 

[Longterminvestor]

So I am a little confused - you pay SDLT on ALL company property purchases wth a higher rate over £500k?

 

[Deanb7823]

So for every investor in a ltd company regardless of the amount of property’s owned we always pay SDLT on every purchase is that correct?

 

[realdeals]

More bedtime reading:-

https://www.lovemoney.com/news/64143/limited-company-buy-to-let-uk-landlords-tax-stamp-duty-costs

 

[Deanb7823]

Thanks for the link, that covers the basics.

 

[John Bird]

there are ways , quite legitimate, to pay no SDLT at all on certain residential purchases if you are a property company.

 

[lookinginvest]

Hi @John Bird , could you expand on the ways to avoid SDLT please?

 

[John Bird]

hi lookinginvest,
do you buy residential properties in a limited company? if so, then in some instances you should pay no SDLT, if you've wrongly paid or overpaid you can claim a refund. have a look at (moderated).

 

[Longterminvestor]

In what instances might you have overpaid?