it is the purchase which pays the land tax not the sale.
The only way of doing this is to sell the shares in the limited companybecause that only attracts stamp duty of 0.5%.
Obviously, if the limited company has also other assets, then that is not apractical solution.
You can sell the land for £1 but in the limited company goes bust in thenext five years the trustee in bankruptcy will want the transaction setaside/overturned.
If you are selling it for 1 pound, it must be a genuine arm's-lengthtransaction undervalue and expected to be scrutinised. It cannot be a sham ofthe table dealing.
The same thing applies with regard to selling the company if it isundervalue.
If there was a magic way of getting round paying £12,600 land tax, or anyother amount of land tax, everyone would do it
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