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:
- the person who transfers the property is ‘connected’ with the company - the definition of a connected person covers relatives and people who’ve some involvement with the company
- the company pays for the property with shares in the company (partly or wholly) to the person making the transfer, where that person is connected to the company (but not necessarily the acquiring company).'
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.'