Home › Forums › Patrick Cannon › Is SDLT payable on the incorporation of a property partnership? › Reply To: Is SDLT payable on the incorporation of a property partnership?
3rd May 2012 at 6:29 pm
#644
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You ask whether SDLT is payable. As PC says, this is determined under Para 18 Sch 15 FA 2003 and no SDLT should be due if the partners are connected (e.g. husband & wife). If they are unconnected then SDLT may be due, but there are ways around this.
For any residential property going into a company you need to consider the new SDLT and other tax charges announced in the 2012 Budget.