Share this content
0

SDLT Linked Transactions and Separation

SDLT Linked Transactions and Separation

Didn't find your answer?

S and F have lived together for many years and have now decided to separate. As part of the overall separation settlement, F is giving up her half of the home they shared that was in joint names, so there will be a conveyance to S of her half of the property for which the SDLT consideration would be half the equity plus half the mortgage.

S owns a property development company and is providing to F sufficient funding to enable F to buy one of the properties in the company.

It seems clear that S & F are not connected persons, but S and his company are connected persons.

I have viewed this that the vendors and the purchasers are not connected persons, but it does seem grey, not black and white.

Are these linked transactions for SDLT purposes?

Nigel Wayne

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.

Share this content

Related posts