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 […]

Residential Property with Annexe

We recently advised a client who was purchasing a new main residence for £1,250,000. Along with the main property, the title included a self-contained one-bedroom annexe. Our client’s solicitor had applied the standard residential rate of Stamp Duty Land Tax to calculate a tax charge on this transaction of £66,250.  Upon further review, we determined […]

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 […]