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Ask Your Own Question, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 8105
Experience:  FCCA - over 40 years experience as a qualified accountant (UK based Practitioner)
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When does 15% stamp duty apply on house purchase. not yet

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when does 15% stamp duty apply on house purchase.
JA: Have you talked to a tax professional about this?
Customer: not yet hoping to buy at auction in 1/2 hour
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Customer: buying through a limited company at 500-650k
Customer: replied 1 day ago.
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Hello and welcome to JustAnswer. I’mCustomer a UK qualified accountant. Reviewing your question and will respond to you shortly.
Many thanks

Thank you for your question.

Stamp Duty Land Tax (SDLT) is charged at 15% on residential properties costing more than £500,000 bought by companies. There is also a 3% surcharge (extra stamp duty) on residential properties bought by companies.

More information on stamp duty for LTD companies here

My aim is to give you a professional service. I hope this is helpful and answers your question.

If you need more assistance, please use the reply box below and let me know. It has been my pleasure to assist you with your question. and other Tax Specialists are ready to help you
Customer: replied 1 day ago.
Thankyou, I have the information above already but am confused about the company 15% stamp duty ruling. When is it applicable? would it apply to me and my wife buying through our company, a property which we will let out.

Thank you for your reply.

If the property is purchased for rental business, then 15% higher rate charge will not apply.

Look at HMRC internal manual SDLTM09555 here

I hope this is helpful and answers your question.

Hi there

Just checking to see if you need me to clarify anything or if you have any additional questions - I am happy to help!

Many thanks

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