How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Sam Your Own Question
Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 13863
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
16196420
Type Your Tax Question Here...
Sam is online now

SDLT - My clients, a father, son & daughter in law have

Resolved Question:

SDLT - My clients, a father, son & daughter in law have transferred 3 Buy to Let residential properties into a Ltd Co which gives rise to SDLT. The 3 properties were owned
A) Father
b) Son
C) Son & daughter in law
Can I claim a "linked transaction" and thus averaging under Multiple Dwellings Relief?
The guide states it is available if bought from the same vendor at the same time. Which would appear to preclude this , or does it?
Cheers
George
Submitted: 11 months ago.
Category: Tax
Expert:  Sam replied 11 months ago.

Hi

Thanks for your question

No as they were owned independently from different people so cannot be made as one transaction purchased and are linked through family ties rather than the transaction itself being linked and do not forget if these are not private and main residences then capital gains is also due

Let me know if I can assist further

Thanks

Sam

Sam and other Tax Specialists are ready to help you
Customer: replied 11 months ago.

Thanks , CGT isn't a problem in this case.

Your reply is in line with what I assumed but their solicitor has advised them that relief is available

Expert:  Sam replied 11 months ago.

Hi

Thanks for your response

There is such a relief but would not apply for this particular transaction

Do let me know if I can assist further and thank you for the rating - much appreciated

Sam

Related Tax Questions