Transfer of Partnership Property to Limited Company
We recently advised a client who has transferred a Buy to Let property worth £470,000 to their Limited Company. The property was held jointly with the client’s spouse as part of a larger portfolio of Buy to Let properties. Our client’s solicitor had applied the Higher Rates applicable to residential transactions in calculating the Stamp […]
Semi Commercial Property
We recently advised a client that was purchasing a semi commercial property for £2,000,000. The property consisted of a shop on the ground floor with four self-contained flats above, all held under a single Freehold title. Our client’s solicitor had applied the mixed-use rate to calculate a tax charge on this transaction of […]