transfers from ltd to indivudual

Home Forums Patrick Cannon transfers from ltd to indivudual

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #324 Reply
    Paul Green
    Guest

    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?

    #325 Reply
    Patrick Cannon
    Guest

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

Viewing 2 posts - 1 through 2 (of 2 total)
Reply To: transfers from ltd to indivudual
Your information: