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?