Transfer to subsidiary

Discussion in 'Property Tax and Accounting' started by Sam12456, Feb 14, 2018.

  1. Sam12456

    Sam12456 New Member

    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?
     
  2. Longterminvestor

    Longterminvestor Active Member

    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?
     
  3. diyhelp

    diyhelp Active Member

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

    realdeals Active Member

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