What Land Tax is payable on this transaction 🧐🧐

[Aspley]

Hi Guys, I am a company buying a house with a plot of land on the side. The house I am buying for £250k and the land, as a separate transaction, I am buying for £75k.

The question is can I buy the land, as it is a separate commercial purchase and is development land, without Land Tax being incurred on that part of the transaction.

any thoughts on this will be gratefully appreciated.

cheers

[dslippy]

There are several ways of doing tis according to the circumstances. Those circumstances will dictate whether HMRC see it as one transaction or two.

[atticus]

Unlikely. Why not ask your company's solicitors for a conveyancing quote?

[Aspley]

There are several ways of doing tis according to the circumstances. Those circumstances will dictate whether HMRC see it as one transaction or two.

The circumstances are as explained in my opening post

[dslippy]

There are several details missing from your post. For example is te exact same legal individual buyimg both plots?