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  • Tax

    Stamp duty rates for limited companies

    Hi, does anyone know if the initial stamp duty rates bands are the same for private individuals and limited companies?

    Does the 3% surcharge apply from a company's first property purchase?

    Thanks very much in advance.

    O

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    Companies are subject to the additional 3% SDLT charge on all residential property from the very first property that the company purchases.  The rates payable are the same as for personal ownership unless the property costs £500k or more and you intend to live in it yourself or the property is not going to be commercially let when a 15% rate applies.  There are other issues you should be aware of including ATED and using the property yourself.

    Regards Nigel


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    Thank you Nigel. The company does not intend to purchase anything for £500k or more and will not have personal use. What does ATED stand for?

    Would a non UK resident individual follow the same stamp duty rules as a UK resident if they bought a property in the UK?

    Thanks!

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    Reintroduce full mortgage interest relief and drop the 3% stamp duty surcharge

    PLEASE sign Petition Here


    Such a lot of Hurdles and hoops to jump through

    running a company

    Landlords need to educate themselves to much higher levels now

    Landlords need to realise they don't own the property in a company they manage it on behalf of the Company ????

    Its a company asset and its not as flexible is personal BTL



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    Learn Change and Adapt ?????


    Dislexic landlord, that's true, I agree. Thanks!

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