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transfers from ltd to indivudual


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Paul Green

Posted on:
03/09/08 17:40

Subject: transfers from ltd to indivudual

An investment property value £5m with mortgage £3.5m is owned by A ltd. Mr B is the 100% shareholder of A ltd Looking to re-finance and the most effective way if for the new finance to be in Mr B's name. Both Mr B and Ltd are partners in a LLP. Is it possible to transfer from A ltd to Mr B with out incurring SDLT either directly or via the LLP?

Patrick Cannon

Posted on:
04/09/08 16:40

Subject: RE: transfers from ltd to individual

In principle this could be done via the LLP without paying SDLT. A direct distribution is likely however to trigger SDLT because the mortgage.

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