Incorporating Property | AccountingWEB

Incorporating Property

I have a client who has a property rental portfolio and wishes to transfer the properties into a limited company.  His solicitor is saying stamp duty is payable on this transfer.  Is this actually the case, as this seems unfair as he has already paid stamp duty on the original purchase.

The property portfolio is mixed between domestic & business premises.

He also has a schedule D sole trader business.

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SDLT: yes, it is unfair.

afairpo |
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blok |
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stgreg |