What is the SDLT payable on the transfer of a dwelling between unconnected companies?


“We act on behalf of Company A, who has been transferred a residential property from Company B in order to clear its debt of £70,000 that B owned A. The property had previously been marketed at a similar value. The companies are unconnected.

Please advise whether stamp duty is payable in these circumstances and, if so, how this is calculated? The online calculator works out an amount of £2100 but we are not sure if that is correct.”

Source: BLG Member


The figure is correct.  As the companies are unconnected and the 3% surcharge applies, the SDLT charge is 3% of the chargeable consideration of £70,000.

At the time of publication this response was correct however as tax legislation and practice change from time-to-time you should take specific advice before taking any action.

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