Stamp Duty for companies

Group exemption still available?

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In light of the new 3% surcharge, is the exemption still available for the tranfer of a residential property from wholly owned sub to holding company?

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By MBK
26th May 2017 07:58

Yes - provided that none of the triggers for clawback are activated.

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By Ruddles
26th May 2017 08:18

It's Friday, so the pedants are out - since when was there a 3% surcharge on Stamp Duty?

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By Dick Stastey
26th May 2017 10:36

The rate of stamp duty is 0.5% in all circumstances where it applies.

As for stamp duty land tax, there is no exemption for intra-group sales/transfers, but group relief may be available to mitigate any liability.

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