How much SDLT is payable on a transfer of six dwellings to a connected company?
I own six residential properties in my name, and I hope to transfer ownership to a limited liability company of which I am the sole director and shareholder. The total value of the houses is £935,000. What will be the total SDLT payable on this transaction?
The non-residential rate of SDLT will apply as you are transferring six dwellings in a single transaction. The application of the non-residential rate means that the 3% surcharge will not apply. The charge will be on the market value of the properties as you are transferring them to a connected company.
You can use the SDLT calculator on the HMRC webpage to calculate the tax.
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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