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HMRC internal manual

Stamp Duty Land Tax Manual

Application: Transfer to a connected company: Example 3

Example 3

Company C transfers freehold residential property to company B for no consideration.

SDLT considerations are:

Is C connected to B in accordance with S1122 CTA 2010?

If so what is the market value of the property transferred?

If C is not connected to B there is no chargeable consideration and no notification is required.

If C is connected to B, S53 applies and the chargeable consideration for the transaction is the market value of the property at the effective date. If this were £275,000 this would be the chargeable amount.