SDLT – Transfer of property to a pension fund
Property Tax, Stamp Duty Land Tax
A commercial property had been acquired in January 2012 by Mr and Mrs P. The purchase was financed by a loan from ABC Limited, a company in which Mr and Mrs P owned 100% of the shares. By December 2012 the property had a market value of around £500,00 and Mr and Mrs P had been advised that the property be transferred into their pension fund.