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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 6188
Experience:  FCCA - over 40 years experience as a qualified accountant (UK based Practitioner)
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I’m wondering about stamp duty, please. I’ve just bought my

Customer Question

Hi! I’m wondering about stamp duty, please. I’ve just bought my first property in my own name (for £230k), but am now purchasing another property for development purposes (£165k). This one is being bought in a LTD company, and I am the sole director. This will be the first property owned in this company. I’m confused about which Stamp duty rate J need to pay for the second property. Please could you point me in the right direction?!
Assistant: Have you talked to a tax professional about this?
Customer: No, I’m new to the UK, and don’t yet have a tax professional that I’ve worked with before.
Assistant: Anything else you want the Accountant to know before I connect you?
Customer: I don’t think so- is there anything g else they would need to know?
Submitted: 8 days ago.
Category: Tax
Expert:  taxadvisor.uk replied 8 days ago.

Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.
Many thanks

Expert:  taxadvisor.uk replied 8 days ago.

Thank you for your question.

Residentail properties bought in LTD company name caryy higher rate of stamp duty.

More information on this is under "Companies" here

https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property

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Expert:  taxadvisor.uk replied 7 days ago.

Hi there

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