S
Sudhir London
New Member
Hi, I used to live in Berkshire but two years ago I moved to a new property in London. Naturally I paid the 3% stamp duty surcharge in 2018 on buying the new London home. My plan this year was to sell my old property which is now a BTL so that I could reclaim the 3% stamp duty surcharge that I paid in 2018 on the new London home. However, due to the current circumstances, I doubt I can sell it for a decent price. Therefore, I am thinking of selling the old property to a limited company that I will create. Hence, I should still be able to avail of the 3% stamp duty surcharge refund. Can anyone verify if that strategy makes sense.
I am portfolio BTL investor. I will be creating a brand new limited company to purchase my Berkshire property. Will my company have to pay the higher rate stamp duty which includes the 3% surcharge?
As a typical higher rate tax payer, I can offset 28% of the stamp duty as a capital expense of the CGT when selling the property. Can someone tell me how a limited company can reduce the burden of the stamp duty by offsetting as an expense.
I am portfolio BTL investor. I will be creating a brand new limited company to purchase my Berkshire property. Will my company have to pay the higher rate stamp duty which includes the 3% surcharge?
As a typical higher rate tax payer, I can offset 28% of the stamp duty as a capital expense of the CGT when selling the property. Can someone tell me how a limited company can reduce the burden of the stamp duty by offsetting as an expense.
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