Please specify exactly in which part of the UK your properties are situated? Scotland, for example, has a different form of stamp duty called Land and Buildings Transaction Tax following newly devolved powers.
Once I have this information I can advise you further.
the properties are located in England-and the company would be registered in England also
Stamp Duty Land Tax (SDLT) is normally based on the consideration, but there are exceptions. Here is the guidance from the Gov UK web site on the matter of SDLT):
'When property is transferred to a company, SDLT may be payable on its market value, not the consideration given. For example, if a property has a market value of £200,000 but the company only pays a consideration of £100,000, SDLT will still be payable on £200,000.
This applies in either of the following situations:
Thus these transfers will most likely attract SDLT depending on the value of each title, depending, of course, on your relationship to the company.
I am so sorry to have to impart such gloomy news, the company's SDLT bill could be quite large. As Benjamin Franklin once famously quipped, 'In life there are but two certainties, death and taxes.'
Delighted to have been of assistance.
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