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Please advise if the apartment is owned by the company or yourselves?
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The apartment is owned by the company and not yourselves on a personal level.
You will not be liable to higher rate of stamp duty as you will be owning just one property in your personal names at the end of the day of the transaction.
More information on this can be found here.. look at the flowchart at the bottom of 1.1 Background and 2.2 here
I hope this is helpful and answers your question.
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If the company was to purchase a second property, it would have to pay the extra stamp duty.
More information on this can be found here
As the property is in the company's name and you are renting it, it is deemed not a property in your names.
If you are referring to this "I presume from reading the obj the fact that it is classed as a holiday home but it is our primary residence and we are renting doesn't matter?"
I had answered it "As the property is in the company's name and you are renting it, it is deemed not a property in your names."
You say the property you are living in as your primary residence is owned by the company and you are renting it. As this property is not in your personal names, you would be able to buy a property in your personal names and you would not have to pay the extra stamp duty.
I hope this is helpful.
As you will be buying the property that would be the only property registered in your names, you would not pay the extra stamp duty.. the purpose does not matter. The condition of sale should not make any difference to stamp duty as it is based on value.
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