I am a house builder and operate as a limited company. I would usually buy just land on which to build. An opportunity has come up for me to purchase a house with land attached. After purchase I would acquire a new title for the land and sell the remaining house back into the market.
I am personally a home owner but would be making this purchase via my property development company. It is the ‘second homes’ additional stamp duty that is confusing me. Would it be payable on this transaction as I am not buying the home for future accommodation for me or anyone in my family.
Any thoughts on this would be very welcome.
I am personally a home owner but would be making this purchase via my property development company. It is the ‘second homes’ additional stamp duty that is confusing me. Would it be payable on this transaction as I am not buying the home for future accommodation for me or anyone in my family.
Any thoughts on this would be very welcome.
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