Share this content

Stamp duty on property purchase via Limited Compan

How does the 3% surcharge work

Didn't find your answer?

Hi All,

when purchasing a buy to let via a limited company how do you determing if the second property surcharge applies - pressumably it is if the company directors already have a property OR if the company already owns a property? Any help much appreciated! Thanks

Replies (5)

Please login or register to join the discussion.

By Paul Soper
02nd Aug 2017 11:01

As following that link is likely to mislead you the answer is that any acquisition by a company of a residential property incurs the 3% surcharge rate, whether it is the first or subsequent purchase. I assume that the other property was acquired before the surcharge rules came in.

Thanks (0)
Replying to Paulsoper:
By Ruddles
02nd Aug 2017 11:14

The (obvious) point is that there is no 3% Stamp Duty surcharge (nor indeed Stamp Duty) on purchase of a property. I know that it's pedancy but annoying nevertheless. If folks can't be bothered to get the terminology correct, then they deserve 'incorrect' replies.

Thanks (0)
Replying to Ruddles:
Portia profile image
By Portia Nina Levin
02nd Aug 2017 11:16

Pedancy? Do you mean pedantry?

Thanks (1)
Replying to Portia Nina Levin:
By Ruddles
02nd Aug 2017 12:57

That as well

Thanks (0)
Share this content