Question:
Where the partnership transfers their properties in London to a limited company where all the partners are shareholders, is it true that no stamp duty land tax (SDLT) is payable? If so, under which legislation?
Arthur Weller replies:
This can be found in FA 2003, Sch 15, para 18; see HMRC’s Stamp Duty Land Tax manual at SDLTM33700. There is an example in HMRC’s guidance at SDLTM34170.
