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  • First Time Buyer

    Reducing SD by purchasing via Limited Company

    Hello everyone, first time posting on here!

    I'm a first time buyer and have found a flat I'd like to purchase in order to kick off my property portfolio.

    I have a question regarding stamp duty. The property I'm looking at is cheap, and I understand I would not pay any SD as the property is well under the 300k threshold. However, I also intend on purchasing another property in the near future (couple of months) which will likely be of higher value.

    My question is: Would it be beneficial to purchase my first property through a limited company (and pay the 3% SD rate for businesses) and effectively save my first time buyer 'card' for my next property?

    If anyone has done this or has any advice it would be much appreciated!

    Thanks in advance

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