Q&As

If a purchaser owns a property in a company name, and is now looking to acquire a property in their individual name, does this attract higher rates of stamp duty land tax?

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Produced in partnership with Sean Randall of Blick Rothenberg
Published on LexisPSL on 01/10/2019

The following Tax Q&A produced in partnership with Sean Randall of Blick Rothenberg provides comprehensive and up to date legal information covering:

  • If a purchaser owns a property in a company name, and is now looking to acquire a property in their individual name, does this attract higher rates of stamp duty land tax?

Where the purchaser is an individual, a condition of the higher rates (Condition C) is that at the end of the day of completion of their purchase they own a ‘major interest’ in a dwelling other than the purchased dwelling.

In certain circumstances, the condition is met even though the purchaser does not own such an interest. This applies where a person with whom they are connected in some way does own such a

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