The existing structure is a mixed partnership; husband, wife and company (husband & wife directors and equal shareholders). The property is currently owned 49% husband, 49% wife, 2% company. The plan is to cease the partnership and transfer the trade (nursing home) and property to the corporate partner. There is CGT on the transfer but is there SDLT? If so, what about if the property is transferred to a new company which then continues the trade?
11th Jun 2020
Is there SDLT on transfer of property?
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