Q&A: SDLT on property transfer to a company via partnership

In this week’s Q&A, Croner-i’s Stuart Farmer, considers the stamp duty land tax (SDLT) implications and available tax reliefs when transferring a property to a company via a limited liability partnership (LLP)

I have a client who owns a property outside of their limited company. They want to transfer their property to their limited company and think they can place it in a limited liability partnership (LLP) as a way of transferring it. They want to do this mainly to claim relief for stamp duty land tax (SDLT) and capital gains tax (CGT). Is this valid or are there other alternatives?

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | Q&A: LLPs, tax and property transactions

Tax | HMRC clamps down on landlord tax avoidance scheme

Tax | Business property relief changes: tax and succession planning

Tax | Residential landlords under pressure: rethinking ownership

Tax | Nine ways to beat the Budget tax tsunami

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily